IWM holding up better than MAGS so far. Two months into what looks like a dead-cat bounce, and the divergence is pretty stark. Small caps showing more resilience compared to mega-cap tech, which is interesting given the narrative around AI dominance and concentration risk. The chart tells the story—one's clinging to recovery while the other's struggling to sustain momentum. Worth watching if this reversal has real legs or if we're just seeing a temporary correction before the broader trend reasserts itself. Keep an eye on how these two diverge over the next few weeks.