Confluence Score · ETF
IWM
iShares Russell 2000 ETF
Confluence Score
53/100
Neutral
Updated 2026-09-06 · Limited Coverage
2
Bullish Signals
0
Bearish Signals
1
Neutral Signals
Tracked Macro Signals for IWM
Signal Category Current Status
High-Yield Credit Spread (ICE BofA) Macro & Liquidity ▲ Bullish
Philly Fed Manufacturing Index (ISM PMI proxy) Macro & Liquidity ▲ Bullish
Initial Jobless Claims (WARN Proxy) Macro & Liquidity ● Neutral

See IWM's live macro context

Unstructured Alpha maps the 3 macro factors that actually matter for IWM and flags when the backdrop around it changes — with per-signal contribution and honest coverage, not a black-box number.

See why IWM's factors moved →

Scores are derived from macro signals (FRED, EIA, SEC filings, FINRA short interest) and updated as new data arrives. This is not financial advice. Past signal accuracy does not guarantee future results.
unstructuredalpha.com · Not financial advice