Small Caps Start to Flex Even as Credit-Market Worries Appear

Oct 17, 2025 • 6 Min Read

"For the person for whom small things do not exist, the great is not great." – Jose Ortega y Gasset

Good evening, 

Trade tensions between the U.S. and China, which intensified last Friday, continued to occupy investors' attention this week. The previous week had seen sentiment, as measured by the American Association of Individual Investors (AAII) weekly survey, make a tentative foray into net bullish territory, but the latest trade tensions sent sentiment reverting back to net bearish this week.

Volatility, which spiked after President Trump's truculent response to China's in...

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