Small cap stocks rebounded with the Russell 2000 (RUT) gaining 1.4% last week which places RUT at up 1% for 2017. Large caps, as represented by the Russell 1000 (RUI) were up just over 1% for the week which places RUI at up 2.59% for 2017.
The CBOE Russell 2000 Volatility Index (RVX) is hovering around very low levels. However, when compared to VIX, things look a little different as the relative premium continues to loom around the highest levels seen in some time. [...]