Author: John Pugliano
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Small Caps underperform AGAIN 240112
As the Santa Claus rally dims, last year’s troubles are carried over into 2024. Persistent inflation, high interest rates, slowing economy, geopolitical risks and maritime disruptions (Red Sea, Black Seas & Panama Canal). As earnings season unfolds, keep your eye on the relative performance of Small Cap stocks, which often act as the Market’s ‘canary-in-the-coalmine’…