S&P 500 Rallies 7%; Small Caps Lead

S&P 500 has risen about 7% since a “true gap” signal, surpassing the typical four‑week median gain of 6%.
Market breadth stays narrow; under 60% of S&P 500 stocks trade above their 200‑day average and declines outnumber advances.
Russell 2000 hit fresh all‑time highs, showing stronger momentum and improving breadth versus the equal‑weight S&P 500.
Small‑cap ETFs KSTR and ASHR gain sharply, while China‑focused KWEB appears to be bottoming, indicating tactical opportunities.