And so investors may want to consider that particular asset class, especially amid rising volatility, according to some fund managers and analysts. "A few days ago … we bought a massive slug of stocks in the Russell 2000," Dan Niles, founder and senior portfolio manager of the Satori Fund, told CNBC's "Squawk Box" last week.
Both Citi and Morningstar said small-cap stocks now look cheaper than the broader market. "Quality SMID indexes currently trade at a 30% multiple discount to the S & P 500. We believe this presents an attractive entry point for multi-year holding periods," Citi wrote. "While valuations are not a great short-term timing tool, when coupled with our outlook for moderating inflation and an eventual Fed pivot next year, we suggest building positions in the asset class.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street Ends up on Earnings OptimismU.S. stocks ended sharply higher Monday as investors were optimistic about the start of earnings season, with transportation shares advancing.
Source: NEWSMAX - 🏆 16. / 71 Read more »