Wall Street Is Warming to Small Caps and Other Laggards
Traders are trying to catch up to the latest rally
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Two of Wall Street’s major trading desks are making the same bold call on US stocks as trade tensions ease: Pile into this year’s biggest losers for quick, short-term profits.
Heads of equity trading at Citigroup and JPMorgan Chase say they’re particularly bullish over the next few weeks on small caps, tech hardware and homebuilders, which have each lagged behind the S&P 500 during the most recent leg up.