Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Small Cap Rally That Markets Are Ignoring
Episode 10 of The Macro Memo digs into the small cap surge that has gone almost unnoticed as big tech stalls. Lucas and Luna examine the Russell 2000's 3.4% weekly gain against the S&P 500's 1.0%, what it says about the economy, and why bond yields are signaling a rate cut even as inflation stays sticky. With real GDP growth at 2.0% and consumer sentiment at a record low, they ask if small caps are a leading indicator or a head fake. Plus: why Lucas thinks the Fed is stuck between a soft landing and stagflation, and what the yield curve's recent flattening means for the second…
The skinny
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