Goldman ETF Guru Sees 'Striking Rotations' Across Small Caps Complex

Unless you have lived under a rock recently, you will know that Nasdaq has been surging to the moon... dragged there by a smaller and smaller handful of stocks (rotating every few days with META the most recent) as 'gamma squeezes' save the broad 'stock market' from gravity. However, what you may have missed is the real shifts below the surface of the CNBC-discussed 'stock market' as your 401k valuations may not quite match your expectations amid the exuberant superlatives uttered every day.

For a clear illustration of this divergence between some index levels (record highs) and the chaos below the surface. Below we see the number of NYSE New Highs is collapsing and the number of NYSE New Lows is soaring...