The Russell 2000 index (i.e., the small-cap stock index) is up about 2.5% in the five days ending September 19. It’s not a surprise that this is coming during a time in which the Federal Reserve lowered interest rates. This cut does not matter much, but many are optimistic that it is the beginning of a deeper rate cut cycle in the next 12 months. That’s typically bullish for small-cap stocks that are frequently unprofitable and, in some cases, have little to no revenue. Companies like these that require deb ...