Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why Small Caps Are Surging While Big Tech Stalls
The Russell 2000 just jumped 3.4 percent in a week while the S&P 500 eked out only 1 percent. Lucas and Luna dig into the data to ask whether this is a temporary rotation or the start of a lasting shift. They look at what small-cap outperformance usually signals about the economic cycle, and they zoom in on the Fed's current rate stance and the jobs market to see if the 'animal spirits' are really returning. Along the way, they discuss how small-cap valuations compare to their historical average and whether the AI boom is finally broadening out beyond the mega-cap names. If the…
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