The market sell-off earlier this month has hurt small-cap stocks more than their larger peers. Yet Josh Bennett, senior portfolio manager at Alger, believes the volatility has created opportunities for investors to pick stocks that will outperform in the medium to long term.
Bennett acknowledged that the tighter lending environment — since the turmoil in the banking sector started on Mar. 9 — has created challenges for smaller businesses. But it has also pushed multiple companies into Algier's valuation or market cap range. The S & P 600 small-cap index is down by 8% this month compared to the large-cap S & P 500 , which has regained nearly all of its losses over the month to date. .SPCY .
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