iShares Russell 2000 ETF
Investment Thesis
IWM has surged 18.40% over six months and recently broke to all-time highs, with much of the Fed rate-cut optimism now priced in after eight record closes in 2025. The combination of extended technical conditions, potential disappointment from already-priced monetary policy expectations, and emerging headwinds from tariff policies affecting domestically-focused small-caps creates an attractive risk/reward for a medium-term pullback to the $235-240 support zone.
Catalysts to Watch
Federal Reserve December meeting decision and forward guidance, PCE inflation data, manufacturing reports, tariff policy announcements affecting domestic companies, small-cap fund flow data
Why It May Work
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Why It May Not Work
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Timeline
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