Meme stock mania has been mighty kind to the small-cap Russell 2000 Index after its reconstitution last June.
The total market capitalization of the Russell 2000 Index surged 84% from last year’s reconstitution (or the addition and subtraction of new companies to the index) to $3.5 trillion, FTSE Russell said in weekend tweet. This year alone, the Russell 2000 is up more than 16% compared to a 12% gain for the S&P 500.
“In 2020, overall capitalization for the U.S. equity market stayed…
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