Summary

• There are still a few trading days left in June, but so far it has been a rough month for the world's largest stocks.
• The eight largest stocks in the S&P 500 have all fallen at least 8%, with six of eight down 10%+. Did SpaceX suck the life out of the rest of its mega-cap brethren?
• The small-cap Russell 2,000 is sitting on a nice 20% gain this year, mostly on the back of its largest index members.
• With the halfway point of 2026 coming up, Russell is rebalancing its indices by moving stocks in and out of its large-cap Russell 1,000 and small-cap Russell 2,000.

There are still a few trading days left in June, but so far it has been a rough month for the world's largest stocks. In the month where SpaceX (SPCX) began trading as