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Last November, I recommended three unusually active options for the iShares Russell 2000 ETF (IWM). At the time, the Russell 2000 was trading around 1,793. I suggested that investors ride it to 2,000. The index hit 2,000 a few days before Christmas. It has added nearly 9% in 2024, which isn’t terrible, but compared to the S&P 500’s almost 22% gains year-to-date, the Russell 2000’s 2024 returns are relatively mediocre. The index follows the performance of 2,000 smaller U.S.-listed companies. These companies are more reliant on expensive debt than large-cap stocks. As Wall Street argued for inte…

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