We continue to see small caps stuck deep in the red, while large caps remain firmly in the green.
This isn’t surprising — it’s part of a well-established secular trend — but it’s worth highlighting again.
Small Caps ($IWM) look terrible, and there's little hope for a turnaround anytime soon. Just look at how brutally the small-cap ratio has been crushed.
Even with money flowing out of growth stocks — the very names that drive the large-cap indexes — small caps are still breaking to new lows.
If they couldn’t outperform when tech was getting hit, what are the odds they’ll ever outperform?
