The equity market divergences in the US are becoming major points of discussion among analysts, as everyone tries to figure out what it all means for stocks

The equity market divergences in the US are becoming major points of discussion among analysts, as everyone tries to figure out what it all means for stocks. Basically, we have the divergence between the S&P 500 (up over 2% for the year) and the Nasdaq-100 (down roughly a percent year-to-date). Plus, there's an even greater divergence between the S&P 500 and small cap stocks, as measured by the Russell 2000 (down over 4% on the year). Is the move away from tech and small caps a signal that a major pullback is coming in US equities? Is it just a temporary risk-off scenario while investors wait for the geopolitical climate to simmer down? In my opinion, the naysayers calling for a crash are once again being delusional. The safe-haven trade won't last through the year, as investors will eventually seek growth.