According to Eric Balchunas, small cap stocks may remain at a disadvantage for extended periods, as many high-potential companies now wait until reaching a larger size before going public. This trend potentially reduces growth opportunities and excitement within the small cap segment, limiting their ability to lead market rallies. For traders, this structural shift may redirect speculative capital toward alternative high-growth assets, including cryptocurrencies, as investors seek dynamic returns elsewhere. Source: Eric Balchunas.