Joel Elconin - Market Breadth Widens, Small-Cap Catch-Up, Can The Market Withstand The IPO Tidewave?

Elconin argues that strong ETF sector rotation is preventing major market selloffs by internally rebalancing capital across different areas of the market.

The guest advises caution with the current IPO wave, recommending investors wait for institutional accumulation phases rather than buying on the first day of trading.

Small-cap stocks are showing surprising resilience and catching up to large-caps, even as interest rates remain elevated and capital costs stay high.