Goldman Sachs with their US Weekly Kickstart offers weekly views from their top economists and strategists. In this week’s edition, they tackled the topics of big and small-cap index performance, the concentration of mega-cap tech stocks, the upcoming elections, and the highly expected Fed rate cut.
Small Caps Dominated Large Caps After Forty Years
After a six-month plunge in 2024, the Russell 2000 index soared last week beating the large-cap S&P 500 by ten index points. While the Russell jumped nine percent, the S&P 500 dropped one percent, leading to a scenario unseen in the last four decades.
Small caps delivered 9% YTD, and an impressive 12% in the...
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