Even though trade tensions particularly between the US and China have heated up, small-caps – supposed beneficiaries of a trade war – have stalled of late. Medium term, downside risks are huge. In the very near term, it is a … Continued
Signs of fatigue are showing up in US equities. It began with large-caps, and now there are early signs it is spreading to small-caps as well as tech. The small-cap switch was turned on right after Donald Trump was elected … Continued
China’s holdings of Treasury securities fell $5.8 billion month-over-month in April to $1.18 trillion. It remains the largest holder of these securities. In China versus the US, if the current trade spat turns into a trade war, these securities could … Continued
As talk of potential trade war heats up, attention has shifted to U.S. small-caps. Deserved or too simplistic? Early last week, the Russell 2000 small cap index tried to take out not one but two levels of resistance – the … Continued