Small Caps Set To 'Lead Their Large Cap Brothers' For Rest Of 2024, Says Market Strategist
Portfolio Pulse from Surbhi Jain
Small-cap stocks are showing strong performance and are expected to lead large-cap stocks in 2024, according to Ryan Detrick of Carson Group LLC. ETFs like IJR, IWM, and VB have shown significant gains, highlighting the potential in the small-cap sector.
August 23, 2024 | 7:44 pm
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iShares Core S&P Small-Cap ETF (IJR) has shown an 8% YTD increase and a 17% gain over the past year, reflecting strong performance in the small-cap sector.
IJR's performance aligns with the broader trend of small-cap stocks gaining momentum, as highlighted by Ryan Detrick. The ETF's strong returns over various time frames suggest continued investor interest and potential for further growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares Russell 2000 ETF (IWM) has increased by 10.3% YTD and 18.5% over the past year, indicating robust growth in the small-cap market.
IWM's performance is indicative of the strong rally in small-cap stocks, as noted by market strategist Ryan Detrick. The ETF's gains suggest it is well-positioned to benefit from the expected leadership of small caps in 2024.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Vanguard Small Cap ETF (VB) has achieved a 10% YTD performance and an 18.3% rise over the past year, showcasing the strength of small-cap stocks.
VB's strong performance reflects the broader trend of small-cap stocks gaining traction, as highlighted by Ryan Detrick. The ETF's returns suggest it is well-positioned to capitalize on the anticipated leadership of small caps in 2024.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80