Beaten-down small-cap stocks are roaring back. Why they could soar in 2024.
Small-caps, a long-suffering section of the stock market, are ending the year on a high note and could rally hard in 2024 if the Federal Reserve cuts rates, especially if the sector’s stellar performance in December has legs in the new year, analysts and investors said.
The Russell 2000 RUT, made up of the 2,000 smallest companies by market capitalization in the Russell 3000 RUA, has soared 12.4% in December, outpacing a 4.1% rise by the large-cap benchmark S&P 500 SPX, through Friday’s close.
But…
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