The Russell 2000 topped out back in Q4 2021, then stayed lagging while the S&P 500 kept printing fresh highs from early 2024 onward.

Fast-forward to Q4 2025 — Russell 2000 finally breaks into a new all-time high and is now starting to outperform the S&P 500.

Rotation matters.

Big money doesn’t disappear — it moves.

If small-cap stocks can wake up after years of underperformance…

why is it so hard to imagine alts doing the same next? 🚀

$ENSO $DUSK