Small caps outperformed Big Tech in the last month as the Russell 2000 (^RUT) rose over 10%. Portfolio Wealth Advisors president & CIO Lee Munson joins...
) rose over 10%. Portfolio Wealth Advisors president & CIO Lee Munson joins Wealth! to break down the movement and the disappointment in Big Tech earnings.
Um Why didn't I go to medical school or just like, you know, do something else in my life and I am my own tell you heard it here first, I was maximum frustrated and the funny thing is that week was where this all started and we've had this massive run up in small cap. So the market's looking 6 to 12 months out from today and it's saying there's going to be some sort of slowdown which the fed is going to start cutting in September.And so people are starting to load up on what they think is going to be this huge expansion going into next year and the election and the presidential candidates have a lot to do with that, right.
They want red meat, they want blood, they want these big tech CEO S to say we're getting a return on all the money that we spent shoving down the earnings of nvidia all this money we've been building out the data centers, the chips at great expense. And until I see valuations that, that claw, you know, the valuations from the NASDAQ to small cap until that gets more normalized, you're going to continue to see small cap outperform.I think we're a month and a half into it.
Because remember all these small companies, especially in energy, health care, financial, all that stuff.I mean, does Apple really need to borrow money?And so I think all any company that you look at their balance sheet and they have a bunch of floating rate debt.
Big Tech CIO Lee Munson Russell 2000 Lee Munson
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