RiskReversal Pod

Did Guy Say Uncle? A Conversation with Bob Elliott of Unlimited

Jun 9, 2023
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INSIGHT

Market Grind

  • The market continues to grind higher, almost prompting Guy Adami to "tap out."
  • This persistent upward trend, despite lacking fundamental basis, makes him increasingly bearish.
INSIGHT

Russell 2000 Breakout?

  • The Russell 2000, showing relative weakness previously, has seen a 3% increase, hinting at a potential breakout.
  • This contrasts its late 2021 performance where it underperformed before the S&P 500's peak.
INSIGHT

Russell 2000 Resistance

  • While the Russell 2000 has bounced off recent lows, it faces resistance at the 200 level, previously tested in August 2022 and February 2023.
  • This bounce might be due to regional banks recovering rather than broad economic improvement.
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