Small caps — taking a breather or taking off?
Scott Conlon, Tim Skiendzielewski
US small-cap performance floundered around the time of the Covid-induced market bottom in March 2020. But in the months that followed, the asset class rebounded strongly. More strongly, indeed, than large caps. Because small caps have historically outperformed after bear markets, this was no surprise. But then, in the spring of 2021, small caps started…