Core Viewpoint - The stock market in 2026 has been unfavorable for small-cap stocks, especially for those that were once high-flyers during the pandemic, such as Peloton Interactive, Inc. (PTON) [1] Company Summary - Peloton Interactive, Inc. has been facing significant struggles in the current market environment [1] - The company is categorized as a "fallen angel," indicating a decline from its previous peak performance during the pandemic [1] Industry Context - The analysis highlights the broader challenges faced by small-cap stocks in the current market, particularly those that experienced rapid growth during the pandemic and have since seen a downturn [1]