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Micro-Cap Markets★ FEATUREDMacro Tailwind / Structural Shift

The Great Rotation Is Real. The Numbers Prove It.

The Russell Microcap Index is up 58.5% over the past year. The Russell Top 50 — the mega-cap benchmark — is up 2.0% over the same period. This is not a trade. It is a regime change. Here is what is driving it and what it means for investors in this space.

By Todd Colpron2026-07-09via Royce Investment Partners — Q2 2026 Market Commentary
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The Great Rotation Is Real. The Numbers Prove It.

Todd Colpron is the Managing Partner of Eliakim Capital, a private investment and strategic advisory firm that manages its own capital while working alongside select family offices and private investors to identify and support exceptional opportunities.

Great RotationRussell MicrocapRussell 2000small capmacroFed ratesmarket structureinstitutional flowsvaluation gap

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