Early Update – Small Caps Outperform Amid An Ongoing Short Squeeze

11:26 a.m. ET The major averages have improved since their flat open, but they’re not doing anything too out of the ordinary. It’s small Caps that are in the spotlight as hedge funds who, in my opinion, got short too early and too aggressive once again, are being forced to cover shorts. SP-500 +0.25%, Dow…