Some much for the catch-up trade.The Russell 2000 is down 2% today and at the lowest levels of the month. Rising Treasury yields and dwindling hopes for 75 bps of Fed cuts this year are behind the selling of smaller-cap US stocks.Technically, the index is being sold heavily after a head-and-shoulders pattern formed on the hourly chart.The measured target of the move is 1985, which is another 2.2% lower from here.The largest weight of the index is Supermicro and it's struggling today with a 4.8% decline on a broader pullback in high-flying AI stocks. US banks are also a major weighting in the Russell 2000 and the KRE regional banking ETF is down 2.25% to a nine-day low.Zooming out on the char
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