Natali_Mis/iStock via Getty Images By Albert Grosman & Brian Lund, CFA Low-Quality Earners Lead Small Cap Rally Market Overview Small cap stocks experienced whipsaw performance in the second quarter, as April’s “Liberation Day” market decline was swiftly followed by a rally — with the Russell 2000 Index recovering to within 10% of its record November 2024 highs in merely 55 days, driven largely by growth, momentum, high-beta and low-quality stocks. Although small caps rose higher on the broader market ...