Recent market trends indicate a significant rise in small-cap stocks, with a 9% increase over the past six months and an 18% rise over the past year. Over the last five years, small caps have appreciated by 50%. Despite not matching the performance of large-cap technology stocks, analysts expect small caps to perform well for the remainder of 2024. On August 23, small caps recorded a 3% increase, marking the first 9-to-1 up volume day of the year, and the best upside volume since October 2022. Additionally, total stock market up volume reached its highest level relative to down volume since December 2023. Currently, 89% of S&P 500 stocks are trading above their 20-day moving average, the highest percentage this year, while 75% of stocks remain above their 200-day moving average, indicating strong market breadth typically associated with healthy uptrends.