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    ‌
    8/5/2026

    Everyone’s Watching Record Highs. Smart Money Is Watching Oil and Small Caps

    Wall Street woke up Wednesday to more of what it’s gotten all week: record highs, falling oil, and a fragile peace headline out of the Middle East. The financial press will lead with the Dow. The more useful question for anyone investing below the mega-cap tier is what cheaper crude actually does to small caps.

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