The small-cap universe is offering investors one of the most elusive prizes of 2021:
As I recently wrote, Wall Street’s gaze has been fixated on the nearly uninterrupted yearlong rally in large-cap stocks—so much so that they appear to have ignored a full-blown correction in the small-cap Russell 2000.
Your average investor will be jazzed at the prospect of snapping up growth on the cheap, or at least cheaper. The blue-chip indices are overbought by just about every calculable metric, so even a relative bargain is a sight for sore eyes.
But craftier investors like you and I that don’t judge smaller books by their covers know that, if we know just where to look, we can get more than mere growth out of the market’s more diminutive picks.… Read more