Jan. 31 at 1:07 AM
$CGTX Possibly some, but most of the small caps I track were down 5-12% today. When rate expectations change, my guess is algos and funds that work off discounted cash flow modeling re-value stocks. Rate expectations changed with the new Fed chair appointee today (being less dovish than the expected person, even though I think ultimately that won’t be the case). Contributed to silver crashing too. Anyway, that’s why small caps got wrecked today.