Co-CIO Francis Gannon offers a run-down on the dynamic month of November and its impact on small-caps.
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The stock market went on quite a tear in the 3+ weeks immediately following the election, with the month of November especially beneficial for small-cap stocks.
Before delving into what it all might mean for small-cap investors, here’s a quick rundown to help contextualize just how dynamic a month it was:
- This was the best November in the history of the Russell 2000 Index. featuring its highest monthly return since October 2011 when small-caps were just emerging from a precipitous decline.
- The performance spread between small-cap and large-cap wa