Traders watching rut futures note a strong correlation with the U.S. dollar this month—dollar weakness is amplifying gains in small-cap export-oriented firms. Browning’s never been short of confidence and perspective, and he’s relying heavily on those to pull himself and the team out of this rut. The reality is that it’s a steep climb and the last two weeks have been a painful realization for everyone. Futures tied to the Dow Jones Industrial Average gained 51 points, or 0.1%. S&P 500 futures added nearly 0.2% and Nasdaq 100 futures advanced 0.1%. Seasonal trends suggest rut futures tend to outperform in Q4, as fund managers rotate into small-cap names ahead of year-end benchmarks.
