Small caps are surging. Oppenheimer found a 'broadening' bull market favors future returns

Oppenheimer views last week's rally in small cap stock as a potential catalyst for the wider market and its future returns. "While small-cap returns have been marginally higher following this signal, the S & P 500 currently exhibits a stronger relative trend and a higher weighting toward this cycle's leadership," said chief market technician Ari Wald in a note to clients on Saturday.

RUT YTD mountain Performance in 2024 The comments from Wald came on the heels of last week's 6% surge in the Russell 2000 index of small caps. The iShares Russell 2000 ETF added as much as another 1.6% early in Monday's session. Many on Wall Street have come to view the small-cap trade as a potential winning strategy this year. The sector tends to perform well during presidential election cycles.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The best small- and midcap stocks to buy this summer, according to OppenheimerWith the second half of the year underway, Oppenheimer highlights what it calls its top small- and midcap seasonal standouts.
Source: CNBC - 🏆 12. / 72 Read more »

Small cap stocks to consider as it just 'keeps getting worse for small vs. large': JefferiesSmall cap stocks to consider as it just 'keeps getting worse for small vs. large': Jefferies
Source: Investingcom - 🏆 450. / 53 Read more »