Market mood stays calm
The big indexes – the S&P 500 and the Nasdaq Composite – dropped every day this week. Even so, the fear gauge (VIX) stayed below 20, which means investors aren’t panicking.
Why the calm?
At the end of a month or quarter, fund managers often tidy up their holdings. This “window dressing” can cause extra buying or selling that isn’t driven by panic.
New tools on SharpCharts
We added fresh indicators to SharpCharts. One of them, the Performance Spread, helps you see how one group of stocks is doing compared to another.
Small‑cap stocks pull ahead
Institutional investors are almost fully invested in stocks, according to the NAAIM Exposure Index (98.6). While tech chips slipped, sectors like health‑care, real‑estate, and utilities performed best. The S&P 600 Small‑Cap Index closed at a record high.
Performance Spread in action
Applying the Performance Spread to the iShares Russell 2000 ETF (IWM) shows it beat the S&P 500 by about 20 % over the past year.
On June 16, IWM led the S&P 500 by 13.8 %. Ten days later the gap widened to 20 %.
What to watch next
With more small‑cap stocks gaining breadth, keep an eye on the Small‑Cap Market Movers panel and the top 10 SCTR performers. You can also run scans for small‑cap stocks that match your technical rules.
Is the AI hype cooling?
AI‑related prices have stretched far. Some investors may be taking profits as summer arrives. The MarketCarpet for semiconductors gives a clear picture of the sector’s current state.
Wondering if a bubble is forming? A livestream this weekend will dive into the signals that suggest a bubble may be forming in the semiconductor space.
Event: Is This an AI Bubble?
Date: Saturday, June 27, 2026, 10:00 AM ET
Enjoy your weekend!
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