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home / news releases / the soft landing theme is collapsing


XLY - The Soft-Landing Theme Is Collapsing

2024-06-16 23:07:19 ET

Summary

  • The Russell 2000 is down YTD by -1% as the soft-landing trade is collapsing, while the mega-cap led S&P 500 is up 14%.
  • The economic data is deteriorating, and the Fed has turned hawkish.
  • A catch-down trade in mega-caps is more likely than a catch-up trade in small-caps, as the data continues to deteriorate.

The soft-landing trades

Here is the fact, the Russell 2000 ( IWM ) is down YTD by -1%, while the S&P 500 ( SPY ) is up by 14%. Why is this important? Because, the Russell 2000 is THE soft-landing trade, or what some call the catch-up trade....

For further details see:

The Soft-Landing Theme Is Collapsing
Stock Information

Company Name: SPDR Select Sector Fund - Consumer Discretionary
Stock Symbol: XLY
Market: NYSE

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