US Small Caps: From Macro Complacency to Stranglehold
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
US Small Caps: From Macro Complacency to Stranglehold
In mid-January, we flagged IWM’s Macro Share of Risk (MSR) at range lows — a classic complacency signal. Sharpe ratios at multi-year highs. The Goldilocks consensus in full swing.
That was the peak.
Since 22-Jan, IWM is down 7%. But Qi’s macro factor model shows the macro drag is nearly double that: -12.7%.
Continue reading our analysis by downloading the PDF below
Related Articles
Equity Exposures, Sector Trends & Regime Analysis—In Depth
The 'Broadening' IWM Trade is Running on One Engine
Equity Exposures, Sector Trends & Regime Analysis—In Depth
Tech if Iran risk fades — Three Independent Lenses
Equity Exposures, Sector Trends & Regime Analysis—In Depth
Quant Insight’s Risk Indicator just hit +3.2σ. Welcome to the club.
Iran.jpg)
Equity Exposures, Sector Trends & Regime Analysis—In Depth
Top of Mind for S&P 500 Since the Iran Shock — Who Wins When It Fades?