Fundamental OverviewThe Russell 2000 has been outperforming the other major indices recently as there’s much more value compared to the S&P 500 or the Nasdaq. The market is now looking forward to the next year with Trump’s policies being a positive driver for growth. The only bearish reason we had for the stock market was the rise in Treasury yields. That’s generally bearish only when the Fed is tightening policy though not when yields rise on positive growth expectations. Right now, the Fed’s reaction function is that a strong economy would warrant an earlier pause in the easing cycle and not a tightening. That should still be supportive for the s
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