27 May 2019
Small caps roared back to life in 2019 following the liquidity injection provided by the “Fed pivot,” with tech stocks leading the way and helping the ASX small industrials to a 17% gain for the year to date. But the question now is whether or not this spectacular run can continue, with value, cyclical and domestic exposure stocks having outperformed post Federal Election.
And with understanding sentiment such an important facet of the “dark arts” of small-cap investing, with sectors able to disconnect from fundamental drivers, the importance of being in the right sector at the right time cannot be overstated.
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