Investors Beware: Small Caps Signal Trouble in Market Landscape
Small-Cap Investments: A Cautionary Perspective Amid Trump's Trade Strategy
As President Trump's expansive trade strategy prepares to take effect at midnight on March 4, Strategas Securities' managing director of investment strategy, Ryan Grabinski, offers a nuanced view of small-cap investment prospects that challenges prevailing market expectations.
Drawing from historical precedent, Grabinski points to the 2018 tariff implementation, where small-cap stocks failed to deliver the anticipated outperformance. "It's hard for me to get on board with [small caps] now," he candidly tells Yahoo Finance.
While acknowledging projections of small-cap earnings growth in the second half of the year, Grabinski warns investors that these stocks won't replicate the remarkable performance seen between 2017 and 2021. "It's not exactly a great place to hide," he emphasizes.
Instead of focusing on small-cap investments, Grabinski recommends exploring sectors potentially poised to benefit from the new tariffs. He specifically highlights insurance and utilities as promising investment opportunities that could offer more strategic value.
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