Core Viewpoint - The Russell 2000 index has shown signs of recovery and potential for growth as the Federal Reserve's interest rate cut expectations rise, indicating a shift in market sentiment towards small-cap stocks after a prolonged period of underperformance compared to the S&P 500 index [1][4][8]. Group 1: Market Performance - The Russell 2000 index rose by 2.1% to 2453.36 points during trading, briefly surpassing its historical closing high for the first time since November 2021, before retracting some gains to close up 0.2% [1][4]. - Since the low point in April, the Russell 2000 index has rebounded over 36%, reflecting a significant recovery from previous market fears [9][12]. Group 2: Federal Reserve Actions - The Federal Reserve cut the benchmark interest rate by 25 basis points, marking its first rate cut in nine months, with plans for potentially two more cuts this year [4][5]. - The Fed's policy statement shifted focus from a strong labor market to concerns about slowing job growth and rising unemployment, indicating a new phase of monetary easing [5][11]. Group 3: Investor Sentiment - There is a growing optimism among investors regarding small-cap stocks, as they are seen as undervalued compared to large-cap stocks, particularly in light of the Fed's easing policies [7][10]. - Analysts predict that small-cap stocks may outperform large-cap stocks, especially if the economy avoids recession and enters a period of declining interest rates [9][11]. Group 4: Earnings and Valuation - Small-cap companies have reported better-than-expected earnings in the second quarter, which has contributed to a more favorable outlook for their future performance [10][12]. - The expectation of lower interest rates is anticipated to significantly reduce interest expenses for small-cap firms, potentially enhancing their profitability and stock valuations [13].
美联储降息东风至 小盘股重回市场焦点 上演“后巨头时代”的主升浪
Zhi Tong Cai Jing·2025-09-18 00:29