The indices were a little weak to start the day, but the great appeal of this market right now is the exceptional stock picking. Individual traders are not going to stop pursuing strong price action when it is working so well. It takes some very poor action for an extended time to really scare away the 'hot money' that has been doing so well for a while now.
The S&P 500 is at day highs, as I write, and is outperforming the Russell 2000 (IWM) right now, and breadth is running about 3-4 negative, but it is still about sectors and themes. There are around 550 new 12-month highs, and my list of stocks up more than 10% on the day is still too long to count.
Although the action in the indices today isn't very impressive, the stock picking under the surface is extremely robust. The problem is that you can just buy and hold as many did with big cap names like Apple (AAPL) and Amazon (AMZN) for the past decade. You have to actively trade these stocks, and that is a skill set that requires some effort to develop.
I have a vested interest in good small-cap stock picking, but I believe that it is going to persist for a while.