If it feels like the market is running in place, you’re right.  Look at the Small Caps (Russell 2000) above and the Dow Jones below, and your suspicions are confirmed: That’s basically your cyclical/re-opening trade taking a much deserved breather after a record Q4 and Q1.  As you can see below, since the vaccine was … Continue reading The “Whole Lotta Nothin’” Stock Market (and Sentiment Results)…