BREAKING: Nasdaq and S&P 500 just printed a first daily red candle after 14th consective green candles.
Nasdaq down 0.26%.
S&P 500 down 0.22%.
Dow barely moved at 0.01% red.
But here is what nobody is leading with.
Russell 2000 closed up 0.58% on the same day. Highest daily close of the entire run, 12% in this month.
This is a rotation signal. Money did not leave the market today. It moved from large cap tech into small caps. From Nasdaq giants into domestic companies.
Here is what that tells you.
When small caps outperform on a red day for big tech the market is not scared. It is repositioning. Investors are rotating into the companies that benefit most from a domestic recovery. Lower oil. Lower rates. Peace deal.
And today they felt good enough to buy more of it even while selling Nasdaq.
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