[Small-caps just posted their best first half since 1991](https://www.cnbc.com/2026/06/30/small-cap-stocks-enjoy-best-first-half-since-1991-as-ai-trade-expands.html), but the composition matters way more than the headline. Defense names like AeroVironment crushing 28% because they're pricing into government capex — a guaranteed revenue stream. Retail and discretionary? They're trapped.

Research these companies