I think IWM ultimately will be determined by fundamentals

The environment where IWM will outperform is: Good economy, less regulation, lower interest rate, and healthy credit spread.

This is what people are expecting from Trump adiminstration. So, big picture wise, IWM should have a good 2025. I personally feel the interest rate is the only macro condition that could be a unknown factor here.

I think 猛牛 also see this might be why he is loading up IWM :)

The thing to keep in mind is that IWM is also very volatile so if you are in IWM, expect up and down and MM manipulation.

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