MEGA caps CRUSHED today - funds moving to small caps Interesting day today, Russel index of small cap stocks rallied 3.5%.
Big caps were crushed today losing a record $ 623 billion market cap as institutions are moving funds to small caps and away from the Magnificient Seven (Monopoly)
This bodes EXTREMELY well for NILI as it is now only a matter of time as these funds rotate back into lithium.
Once institutions begin this rotation, it can last 6 months before they are done due to heavy positions. So it means 6 month rallies in small caps as funds flow in...from big tech.
Tech-stock selloff may drive Magnificent Seven’s worst day ever by this metric
Declines in Tesla, Nvidia and other large tech stocks could mean a $623 billion market-cap wipeout for the ‘Magnificent Seven’ — the biggest one-day total on record