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Market Intelligence — Wednesday, August 26, 2026

Small caps still lead the year by nine points over the S&P. That has been the steady story for three months and nothing this week has changed it.

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SQTC Squared T Capital Online
Aug 26, 2026
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Four indices, all slightly red, none of them by enough to mean anything. The S&P moved less than a point.

The number to look at is the VIX. 15.43, and lower than yesterday. Volatility is falling on th…

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