The Russell 1000 (RUI) and Russell 2000 (RUT) both put up a respectable week. However despite the positive week, RUT finished January down 8.85% while RUI was down 5.49%.
In an interesting twist, RVX climbed to what is considered a normal premium to VIX last week. As VIX moved lower, RVX did as well, but not as rapidly. The result is an RVX to VIX premium of around 20% which is close to the average for the past few years.
At least one trader is bullish on small caps[...]