Chronert highlighted attractive valuations for the small cap sector and its exposure to banks.
After a difficult two years for small cap stocks, the sector finally appears on path for a comeback, according to Citi Research head of U.S. equity strategy Scott Chronert. The small cap benchmark Russell 2000 index is up 4.3% week to date alone amid a 9.4% rally in July.
RUT YTD mountain Russell 2000 in 2024 "Typically, when you go into this Goldilocks scenario where we get a Fed pivot, easing rate influence, combined with some renewed confidence that we can navigate something that comes close to a soft landing — I think the small cap rally has legs here," Chronert said.
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