Stock rally: Small caps previously held back by hawkish Fed
11/18/2023 00:32
Cooling inflation data outlined in October's CPI report has given rise to a rally across large and small-cap stocks, as the Russell 2000 (^RUT) is outperforming the S&P 500 (^GSPC) this week. CFRA Research Chief Investment Strategist Sam Stovall joins Yahoo Finance to talk about the stock action seen across indices and how investors should be feeling at the moment. "If you go back to the early 1980s when the Russell 2000 first came out, basically looking at all bull markets, they were accompanied by a decline in interest rates," Stovall says on small-cap stocks. "From a valuations perspective, they look very attractive, and I think investors are chomping at the bit, waiting for the gate to open." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Cooling inflation data outlined in October's CPI report has given rise to a rally across large and small-cap stocks, as the Russell 2000 (^RUT) is outperforming the S&P 500 (^GSPC) this week.
CFRA Research Chief Investment Strategist Sam Stovall joins Yahoo Finance to talk about the stock action seen across indices and how investors should be feeling at the moment.
"If you go back to the early 1980s when the Russell 2000 first came out, basically looking at all bull markets, they were accompanied by a decline in interest rates," Stovall says on small-cap stocks. "From a valuations perspective, they look very attractive, and I think investors are chomping at the bit, waiting for the gate to open."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.