Reported about 2 months ago
Optimism over potential rate cuts, following remarks by Federal Reserve Chair Jerome Powell, has led to a surge in the Russell 2000 small-cap index. MDB Capital's president Lou Basenese believes small-cap stocks have room for growth, contingent on the U.S. economy avoiding recession. He suggests a risk-on sentiment is returning as investors anticipate a soft landing for the economy.
Source: YAHOO