Small-cap stocks tend to outperform their larger brethren over time. Coming out of the pandemic, the Russell 2000 small-cap index was handily beating the barometer of the 500 largest stocks on the market. However, after government spending caused inflation to rise to its highest levels in 40 years, the Federal Reserve enacted an unprecedented series of 11 hikes in interest rates. Between March 2022 and July 2023, the Fed Funds rate rose from 0% to between 5.25% and 5.50%, where it stands today.
Despite high interest rates, which hit small-cap stocks harder than their larger brethren, the Russell 2000 index of the market’s smallest companies is making its move. Since the end of April, the small-cap benchmark has kept pace with the S&P 500 and has been ahead till last week’s dip. Over time, small-cap stocks tend to outperform bigger companies. Including a mix of these upstarts is a good way to juice your portfolio’s performance. Because the Russell 2000 has lagged the index of the 500 la
Rocky Brands (RCKY) first-quarter 2024 results reflect robust business momentum and gains from restructuring initiatives, which aids cost-savings and leads to better advertising programs.