While large stocks are partying like it's a new bull market,...

While large stocks are partying like it's a new bull market, small stocks are getting crushed.
The Russell 2000, an index tracking small cap stocks, is down a massive 27% from its recent peak.
Meanwhile, the S&P 500 is officially up over 120% since its 2020 low.
Small companies are hurting while large companies are getting bigger.
Currently, the top 10% of stocks in the US now reflect ~75% of the entire market.
This is, by far, the most concentrated stock market since the Great Depression in 1931.
Truly historic.