RBC Tilts Away From Battered Small-Caps, Drops Bet on a Rebound
- Russell 2000 has slipped some 14% from its November peak
- Bank says large-cap value, cyclicals better way to play 2022
A pedestrian walks past the Royal Bank of Canada building in Toronto.
Photographer: Stephanie Foden/BloombergThis article is for subscribers only.
RBC Capital Markets said it’s losing faith that U.S. small-cap stocks will stage a comeback this year.
The bank had been expecting the shares to recover from a streak of underperformance that’s driven the Russell 2000 Index into correction territory.