…Equity & Quant Strategy, Russell Investment Group, I/B/E/S, Compustat. Monthly data shown from Aug-03 through Aug-17. Source: BofA Merrill Lynch Global Research. Weekly data from 1-Jan-13 through 12-Sep-17. Futures positioning data accounts for last quarter's transition from ICE to the CME platform. Russell 2000 implied volatility has fallen back to near 2008-present lows Small caps and large caps de-coupled violently after the US election, but their correlation has since…