In the week ending July 17, US small-cap stock funds experienced significant inflows, totaling nearly $10 billion, marking the second-largest weekly inflow on record. This surge is only surpassed by the $14 billion recorded in 2007, prior to the Financial Crisis. The Small Cap ETF, $IWM, alone saw an inflow of $3.62 billion, the largest weekly inflow for the year. The overall inflows into US equity funds reached approximately $41 billion, largely driven by ETF flows, which accounted for $37 billion. This trend reflects strong investor interest in both small-cap and large-cap equities, as evidenced by the notable performance of the $IWM and $SPY ETFs.