Yo, did ANYONE catch this?! $IWM getting absolutely smoked today while $SPY and $QQQ are literally making ALL-TIME HIGHS! Russell 2000 down while the big boys party — classic divergence!
This is NOT healthy action, folks. Small caps getting left behind while mega-cap tech drags everything higher? That's narrow leadership. That's rotation OUT of the risk-on stuff.
Either small caps are screaming recession fears OR money's just chasing the same 7 names again. Watch this closely — if $IWM can't catch a bid soon, we've got a problem. Breadth matters!
BOOYAH!
This is NOT healthy action, folks. Small caps getting left behind while mega-cap tech drags everything higher? That's narrow leadership. That's rotation OUT of the risk-on stuff.
Either small caps are screaming recession fears OR money's just chasing the same 7 names again. Watch this closely — if $IWM can't catch a bid soon, we've got a problem. Breadth matters!
BOOYAH!
