There is a difference between short-term and VERY short-term. And I am not taking new net long positions here, just doing some switching around and holding off on going short.
Agree 100% with your RUT observations. The market probably will remain in rally mode until the small caps break.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi