Small caps are showing signs of a rebound, but JC O'Hara of MKM Partners sees big trouble ahead for the group. He joins John Petrides of Tocqueville Asset Management to discuss.
, ended the shortened week up 18%. That bypassed the last record set in 2008. The ETF remains down 25% for the year."I'm just a little less optimistic about the outcome if we look out another few weeks, another few months for small caps.
John Petrides, portfolio manager at Tocqueville Asset Management, is more bullish toward the small caps so long as credit markets stabilize. "The rally in risk assets, particularly small caps, is a function of the actions taken by the Federal Reserve a couple of weeks ago," said Petrides during the same segment. "If we feel comfortable about the credit markets because of the actions taken by the Fed and by the government on the fiscal side then it's not overly surprising that small caps are rallying here."
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