Not out of the storm yet.
The Russell 2000 is currently at the pre-covid 19 high area however this area is not going to hold because many of these small debt ridden high growth assets will be killed by a combination of both high interest rates which increases debt servicing costs when many of them are over leveraged. Along with soaring costs due to severely damaged global supply chains (which face even more headwinds due to Chinese policy missteps and war in Ukraine) and soaring commodity prices. I do not think this support are will hold I think minimum we are looking at a return to 1450. Most crashes such It took from December the 12th 2007 when it started. to march the 3rd 2009 from top to bottom in the 08 financial crisis for most indices. We are currently in a super high risk uncertain global economic environment with no good news in sight for these types of entities. We are only roughly 3 months into the current market crash for some perspective. There is much more pain on the way.
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