Small caps are poised to see massive gains over the next few months, according to Richard Bernstein of Richard Bernstein Advisors. 'The reason, I think, that we're such big bulls on mid-caps and small caps is that that's where the earnings growth is forecasted to be,' the firm's CEO and chief investment officer told CNBC's ' The Exchange ' on Monday.
' He added that while this small-cap performance is not particularly unusual in a trough, it is unusual for it to be happening when the Federal Reserve is 'actually easing into this accelerating profits environment' rather than tightening. 'As profits rev up, we should see, normally, the economy just gets stronger, naturally,' he continued. 'Now we've got the Fed easing on top of that. That's like putting fuel on the fire.
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