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Small-cap stocks are surging Tuesday as broader U.S. market sleeps. Here's why.

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The small-cap Russell 2000 index surges Tuesday. Is it time to play catch-up with megacap tech stocks?

The broader U.S. stock market looked sleepy Tuesday, but small-cap investors were not in the mood for a nap.

The small-cap Russell 2000 index RUT — made up of the smallest 2,000 companies in the broader Russell 3000 RUA by market capitalization — was up 2.6%, on track for its highest close since March 8, according to Dow Jones Market Data. The expectation “is that either the small-cap stocks in the Russell 2000 and microcap indices will ‘catch up’ or the eight big megacap technology stocks will ‘crash and burn,’” Navellier said, in emailed comments.

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