Market Update – Small Cap Short Squeeze Pain

1:28 p.m. ET The major averages are up a three-quarters of a percent, but Small Caps are soaring and when they soar, Dow Transports typically come along for the ride. SP-500+0.7%, Dow +0.75% (Transports +1.3%), NDX +0.75%, Small Caps +3% I don’t now where we end the day, but as of now, all of the…