Intraday Update – Mega-Caps and Small Caps

1:26 p.m. ET SP-500 -0.5%, Dow -0.1% (Transports +0.45%), NASDAQ-100 -0.65%, Small Caps +0.45% In the latest news on the debt ceiling, House Minority Leader Hakeem Jeffries (D-NY) told reporters that there is not a lot of progress being made on the debt ceiling talks. Otherwise, recall those divergences I pointed out in Friday’s Afternoon…