Russell 2000 Rides Its Best Start to a Year Since 1991

The Russell 2000 is quietly having its best start to a year since 1991. The small-cap index is up 18% so far this year, which puts it on pace for its best first five months of a year since it rose nearly 35% in 1991, according to Dow Jones Market Data. Small caps have been rallying even though expectations for interest rate cuts have vanished in the wake of the Iran war.