U.S. Small Cap Stocks - S&P 600 / S&P 500

Pressure is mounting on U.S. small caps. The S&P 600 has broken below its 50-day moving average, ending a run of outperformance that began in late 2025 after nearly five years of lagging the S&P 500.

Image: BCA Research

U.S. Small Cap Stocks - S&P 600 / S&P 500