Rotation Out of Mega-Cap U.S. Stocks Could Provide Tailwind for Cryptocurrencies, Marex Solutions Says

Wall Street investors are piling into small-cap stocks and exiting mega-caps on signs of cooling inflation and strengthening Fed rate-cut bets.

Wall Street's pivot to shares in small-cap companies at the expense of mega caps could fuel gains in the crypto market, Marex Solutions told CoinDesk Wednesday. It's a sign investors are pulling money out of the largest tech firms and dumping it into smaller companies which, until recently, lagged behind the broader market. The Wall Street Journalthe newfound love for small caps to cooling inflation and strengthening confidence that the Federal Reserve will reduce the benchmark borrowing cost this year.

"As the steam comes off the Mag 7, money will look for other places to deploy. Small caps are the knee-jerk reaction, but I suspect crypto will benefit from this rotation," Solot said in an interview.

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