iShares Russell 2000 ETF
Investment Thesis
IWM presents a tactical long opportunity as market rotation accelerates away from concentrated mega-cap tech toward diversified small-cap exposure, with the 'anything but AI' trade gaining momentum in 2026. The current price of $246.59 represents a 6.10% pullback from recent highs, creating an attractive entry point to capture the continuation of small-cap outperformance driven by earnings improvement, M&A revival, and structural market rotation away from overvalued AI stocks.
Catalysts to Watch
Russell 2000 earnings revisions, M&A deal announcements, Fed policy signals, mega-cap tech underperformance, regional banking consolidation activity, small-cap relative performance metrics
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Timeline
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