Market seasonality can give insight into what may be ahead for the markets. BTIG managing director and chief market technician Jonathan Krinsky joins Market Domination to discuss seasonal stock trends, the US dollar (DX-Y.NYB), and small-cap stocks (^RUT).
“Seasonals have been working pretty well for the last couple of years,” Krinsky explains. “After the rally we just had… you probably just are due for a little bit more pause or consolidation before ultimately getting a more sustained breakout.”
Regarding the iShares Russell 2000 ETF (IWM), Krinsky notes that “just from a pure technical level, we’re okay owning them just… keep somewhat of a tight leash because under $210, it’s not a great setup.”
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