We expect the renewed underperformance of small-cap equities vis-à-vis larger ones, which is now near its most extreme in two decades in the US, to continue there over the next year or so. That’s because we suspect that the stock market will keep being driven up mainly by ‘big tech’, amid growing excitement about AI.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services