Small caps have been all the rage on Wall Street over the past two months. In fact, according to Bank of America’s latest fund managers survey, investors haven’t been this bullish on small caps in almost three years. The survey conducted from Jan. 5-11 revealed investors see large-cap companies underperforming small-cap companies in the next 12 months for the first time since June 2021. A chart from Bank of America shows sentiment around large caps outperforming small caps has deteriorated in… Source link
Read More »Futures tick higher after 4-day rout, COVID surge weighs
Stock futures were listless in Thursday’s after-hours trade, after market jitters culminated in a four-day losing streak, underscoring how investors are growing more cautious about the COVID-19 pandemic’s impact on the economy. During Thursday’s regular session, Wall Street logged a 4th consecutive day of losses. Traders have been struggling to reconcile a seemingly hot jobs market with soaring coronavirus infections that have blunted the recovery’s momentum. With COVID-19 deaths and… Source link
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