昨日，衡量美国小盘股的罗素2000指数收涨1.47%报2442.03，盘中一度上涨2.5%，接近其2021年11月创下的盘中历史高点2442.74。This indicates that the rebound in the US stock market this year has expanded from large technology stocks to a more diverse range of sectors.
After three years of harsh winter, is the spring coming for small cap stocks?
On Monday, November 25, the performance of small cap stocks in the US stock market was eye-catching, reaching a historical new high in three years during the session, and is expected to achieve the largest monthly gain of the year. This indicates that the rebound in the US stock market this year has expanded from large technology stocks to a broader range of sectors.
Yesterday, the e-mini Russell 2000 index measuring US small cap stocks closed up 1.47% at 2442.03, rising as much as 2.5% intraday, close to its intraday historical high of 2442.74 set in November 2021.
As of November, the e-mini Russell 2000 index has risen more than 11%, while the S&P 500 has only increased by 4.9% this month. Year-to-date, the e-mini Russell 2000 index has risen by 21%, although lagging behind the S&P 500's 25.5%, some ETFs focusing on small cap growth are approaching the gains of the S&P 500, for example, Vanguard Small Cap Growth ETF and iShares Russell 2000 Growth ETF have risen by 24.8% and 24.7%, respectively.
Analysts believe that the resurgence of small cap stocks approaching historical highs is due to investor expectations of Trump's policies, especially tax cuts, which are expected to boost US economic growth.
Morningstar index strategist Dan Lefkovitz stated earlier this month that small cap stocks are mainly distributed in market sectors mainly in the USA and sensitive to the economy, including financial services, basic materials, non-essential consumer goods, real estate and other sectors, these sectors may perform well under Trump's policies.
Jefferies analyst pointed out in a report that the interest rate path will affect the sustainability of the small cap stock rebound.
Editor/new
