Wednesday's rise of nearly 2% for the Russell 2000 could be a preview of a big year ahead for small cap stocks, according to Tom Lee. The Fundstrat head of global research told CNBC's " Last Call " on Wednesday night that the environment on Wall Street is shaping up to be a positive one for small cap stocks to rip higher.
Small cap stocks have long been underperforming their larger counterparts in the U.S. market. That has been especially true in the last rally, with large cap tech leading the market higher. Over the past 12 months, the Russell 2000 is up just 16.7% compared to 30.5% for the S & P 500 . But that long-term underperformance could mean that it is time for a reversal.
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