Daily Report : Russell 2000 sprints ahead of other indexes; Big money managers ease their pessimism; A month after initial surge, energy stocks show record gain

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-04-27 at 21:28:48 CDT

The small-cap Russell 2000 sprinted ahead of other indexes like the S&P 500 on Monday. Other times it doubled the return of the S&P in a single session, it typically fell back in the weeks ahead, especially on a relative basis.; The Barron's Big Money poll shows that large money managers increased their optimism since last fall. Their overall bias remains less optimistic than usual, with fewer than two out of every three managers expecting stocks to rise through year-end.; In late March, there was a surge in the energy sector. More than 95% of stocks in the sector climbed above their 10-day moving averages, while fewer than 20% of them were above their long-term 200-day averages. In the month since then, the sector climbed another 13%, the best post-surge reaction in 30 years.

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