Smalls won't stop
Yesterday, we saw that when the S&P was near a new high heading into the last week of the year, it tended to keep going, at least for a little while. We've been asked if it's the same with small-caps, which barring some kind of reversal, should close at an all-time high today.

There were only 2 other times when the Russell 2000 closed at an all-time high a week before the end of the year, and it continued to gain both times over the next week, but settling back after that.
It was mostly the same story with lesser extremes, if we look at 52-week highs (instead of all-time highs).

Just as remarkably, the index is on track for its 8th consecutive weekly gain of more than 1%. That's tied for the longest-ever.

FWIW, the other one saw some slight chop over the next few weeks, then jumped higher again.

