Reported 4 months ago
According to an article on Yahoo Finance, the small-cap market is expected to experience a "broad-based breakout" in 2024, with analyst Ari Wald highlighting that the Russell 2000 has been able to hold its 200-day average, indicating a potential positive trend for small caps in the second half of the year. Wald suggests that investors should buy market pullbacks in anticipation of higher market highs and notes that small caps need to participate in absolute price terms for overall market growth. Wald emphasizes the importance of small-cap involvement alongside the large-cap market movement for a balanced market rally.
Source: YAHOO