Small-caps have staged a rebound lately on Fed rate cut hopes and "Trump Trade." Earnings picture is also evolving.
Though small caps stumbled Wednesday, in the five prior trading days, the Russell 2000 rocketed an eyewatering 12% as the Nasdaq Composite barely remained green.
With concerns about inflation declining, investors are feeling increasingly confident about the global economy exiting the central bank interest rate hiking cycle without an economic downturn.