2025 and 2026 look much better for US small caps earnings, relative to large caps
Source: JPM, RBC
Here’s what JD Vance’s portfolio looks like
Source: Savvy Trader
For US small caps, rates just as important as growth since 2022.
And as we know, March of 2022 is when the hiking cycle began... Source: GS, RBC
A large portion of Russell 2000 debt load is floating
It thus makes a lot of sense that small-caps were the most hot by monetary policy tightening / higher interest rates. Now the Street is anticipating rate cuts, small-caps underperformance might be coming to an end... Source: GS
⚡ The carnage is real.
Yesterday was Nasdaq 100 $QQQ worst day since December 2022. Source: Trend Spider
Sox plunged 6.8% in semi conductor sector's worst selloff since March 2020
on the prospect of increased export restrictions on advanced semiconductor technology, and by Donald Trump's latest comments on Taiwan. Taiwan "did take about 100% of our chip business" and "should pay us for defense," Trump said in a Bloomberg Businessweek interview. Intel and GlobalFoundries bucked the trend as potential US domestic semi 'winners.' Source: Bloomberg, HolgerZ
The biggest outperformance of small-cap stocks over large-cap stocks, over a 5-day period, in history.
Data starts in 1978 Source: Jim Bianco
Be different
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