“The craziness in US Small Caps continues ...
The US small-cap space has turned into a Wild West casino since April 7.” 
by @EquityQuant
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How Vikings said….HOLD!!!
I think you can go back a year earlier too, as there were threads last year about users seeing a large divergence between their system performance and the market.
If you look at some of the Fama French common risk factors for the US from April 2024 through August 2025 (latest available), everything is negative except market and momentum.
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