Small caps stocks, which are tracked on the Russell 2000 (^RUT), out performed large cap stocks on the Nasdaq 100 (^NDX) for 5 straight days. Cyclical sectors, like industrials (XLI) and the homebuilder category (XHB), have also been surging within the last few days.

Yahoo Finance senior markets reporter Jared Blikre joins Asking For A Trend to break down what's been driving the top market trends on July 16.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Nicholas Jacobino