Today's number is... 31

The Mega Cap vs Micro Cap ratio (DJI/IWC) just hit a 31-month low, its weakest level since early 2023.

Here’s the chart:

Let's break down what the chart shows:

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Today's number is... 2

Despite a spike in volatility, two key corners of the equity market are moving together in strength. Small Caps are hitting fresh all-time highs, and Micro Caps are close behind.

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📌 Zenas Biopharma $ZBIO...