The Russell 2000 ETF ($IWM) has reached fresh highs, driven by significant strength in small-cap stocks, particularly in the biotech sector. Over the past two weeks, the ETF has seen a notable increase, with a reported rise from 196 to 221 in just three weeks. Inflows into $IWM have also picked up, indicating renewed investor interest. Market rotations are occurring, with some shifts noted into banks and energy sectors. Analysts are optimistic about the potential for further gains, with some projecting that $IWM could exceed 250 within the next six months. Overall, the small-cap market is experiencing a robust performance, often referred to as a 'small cap summer.'