The Fundstrat head of global research told CNBC's 'Last Call' the environment on Wall Street is shaping up to be a positive one for small cap stocks.
Wednesday's rise of nearly 2% for the Russell 2000 could be a preview of a big year ahead for small cap stocks, according to Tom Lee. The Fundstrat head of global research told CNBC's " Last Call " on Wednesday night that the environment on Wall Street is shaping up to be a positive one for small cap stocks to rip higher.
Small cap stocks have long been underperforming their larger counterparts in the U.S. market. That has been especially true in the last rally, with large cap tech leading the market higher. Over the past 12 months, the Russell 2000 is up just 16.7% compared to 30.5% for the S & P 500 . But that long-term underperformance could mean that it is time for a reversal.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Angela Poe Russell: Russell Wilson and Ciara’s Oscar Party photo just what our culture needsOf all the photos from the night of the Oscars, one of them really struck me. It was Russell Wilson and his wife Ciara at an after party.
Read more »
Lee Beom Soo And Lee Yoon Jin To Get Divorced After 14 YearsLee Beom Soo And Lee Yoon Jin To Get Divorced After 14 Years
Read more »
Tom Lee Reveals What Will Drive Bitcoin’s Price to $150,000Crypto Blog
Read more »
5 Albums I Can’t Live Without: Tom Maginnis of Buffalo TomName Buffalo Tom / Tom Maginnis Best known for The quiet Buffalo. Current city Newburyport Really want to be We interviewed Buffalo Tom's Tom Maginnis about his top 5 albums.
Read more »
Super Bowl champ takes shot at Russell Wilson after Broncos' Jerry Jeudy tradeFormer Denver Broncos star Chris Harris Jr. took a shot at Russell Wilson after the team reportedly traded wide receiver Jerry Jeudy on Saturday.
Read more »
How Long is Russell Westbrook Out? What We Know About Hand Injury, SurgeryRussell Westbrook remains sidelined after fracturing his left hand against the Washington Wizards on March 1.
Read more »