Small Caps Climb on Interest Rate Cut Expectations: 5 Picks

Small-cap stocks (market capital < $1 billion) received a boost this month following the release of two key inflation data, which showed that the inflation rate is dwindling steadily. This along with soft economic data, especially the resilient labor market data, has raised rate cut hopes. Finally, Fed Chairman Jerome Powell’s recent comments significantly boosted market participants’ expectations of the first rate cut in September.Wall Street has been witnessing an impressive bull run in the past 18 months ...