We have seen a significant rotation out of smallcap and into Nasdaq/S&P ever since the Fed meeting. It isn't clear to me what the rationale is for this strong a divergence. Perhaps the NAFTA deal? From my perspective, there isn't a whole lot that changed from NAFTA to USMCA, but it could be there was a premium given to smallcap associated with protectionist concerns that have dissipated a bit. Any thoughts on this would be appreciated
Submitted October 05, 2018 at 01:01AM by BobLabLawLawBlog https://ift.tt/2BYOKib
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