Small Stocks Keeled Over after Brief Super-Hyped “Rotation” Spike. Magnificent 7 lost $1.3 trillion in Seven Days

The week was marked by the continued tech sell-off and the wilting of the hugely promoted “rotation” into small-caps: The S&P 500 dipped 2.0%, the Nasdaq composite fell 3.6%, the Nasdaq 100 fell 4.0%, and the Magnificent 7 fell 4.7%. But the Russell 2000, which tracks nearly 2,000 small stocks...