Russell 2000 rides the “blue wave” rally and Reddit trading craze

US small-cap stocks continued their winning streak in January, riding the early “blue wave” optimism triggered by the new Biden administration’s aggressive fiscal stimulus proposals, and the burst of online retail buying in a handful of small-cap stocks.

The Russell 2000 topped the list of global equity returns, climbing 5.0% for the month and vaulting ahead of the 0.9% decline for the Russell 1000 and the 0.9% gain of the FTSE All-World ex US.

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