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The Russell 2000 index of small-cap stocks has produced a bearish “death cross” price chart pattern for the first time in over a year, flashing a widely followed technical sell signal as small-caps are struggling with tightening financial conditions in the wake of bank failures and potential economic slowdown.
The Russell 2000 index RUT, which measures the performance of 2,000 small and medium-sized companies included in the Russell 3000 index maintained by Financial Times Stock Exchange Group, formed a so-called death cross…