News Snapshot:
Small caps have begun to pick up in recent weeks — and Wall Street believes this outperformance could continue in 2024. The Russell 2000 is up more than 10% in December, bringing its year-to-date gain to 13%. This marks a dramatic turnaround from when the small-cap benchmark turned negative for the year in early October. With lower rates in 2024 looking likely after the Federal Reserve indicated three cuts to come at its latest policy meeting, sentiment around the small-cap sector has become increasingly optimistic. Jay Hatfield, CEO of Infrastructure Capital Advisors, thinks that small cap value stocks are trading...
