IWM perspective

The Russell tends to tank fast when it does.

The smaller companies of the Russell may be hurt more by economic downturn (or realization of one), than bigger companies who will weasel their into Government contracts.   Big multinationals, MAY, be helped by diversification, But the "All One Market" theory by EWI should not be forgotten either.

Sure, I give EWI a hard time sometimes, like when they deserve it, but also respect them a lot too.