LCID was dropped from the Russell 1000 into the Russell 2000. This actually might be bullish going forward.
"Academic and institutional data consistently show that the amount of passive money strictly tied to the top of the Russell 2000 is significantly higher than the passive money tracking the absolute bottom of the Russell 1000. This structural mismatch triggers a surge of net institutional buying pressure, driving the price upward."
Also, there is an increased rotation out of highly valued Russell 1000 into undervalued Russell 2000
"Academic and institutional data consistently show that the amount of passive money strictly tied to the top of the Russell 2000 is significantly higher than the passive money tracking the absolute bottom of the Russell 1000. This structural mismatch triggers a surge of net institutional buying pressure, driving the price upward."
Also, there is an increased rotation out of highly valued Russell 1000 into undervalued Russell 2000
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