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Black Nova
📊 MARKET LEADERSHIP IS CHANGING
$SPY is up 0.85% today, but the bigger story is what’s happening underneath.
Value stocks, smaller companies, and small-cap value have been outperforming the S&P 500 this year.
After years of mega-cap tech dominance, money may finally be rotating into cheaper parts of the market.
If that trend continues, the next market leaders might not be the usual AI giants.
Is this the beginning of a real factor rotation? 👀
