Russell 2000 small-cap index ($IWM) is on a remarkable run, beating out the broader S&P 500 ($SPY) for 11 consecutive trading sessions. That's the strongest performance streak we've seen since 2008, when it managed a 13-session winning streak back in June. The shift is notable—small caps haven't had this kind of dominance over large caps in years. For traders watching macro cycles, this rotation from mega-cap to smaller equities could signal changing market dynamics and what's happening under the hood with risk appetite and capital flows.