Interesting thoughts and a good article. I think small caps could outperform the Nasdaq for a bit here but I also think it's probably short lived. The longer term trend is likely in favor of Large Caps and the Nasdaq as the digital age continues to play out and the market continues to concentrate around the largest companies. The rich get richer as the old saying goes.
There's a decent argument that the large cap tech monopolists continue to dominate more and more verticals. Nothing seems to be slowing them down and they can't be beaten competitively. For small caps to outperform there has to be a burst of productivity otherwise better to just sit in tech.
Interesting thoughts and a good article. I think small caps could outperform the Nasdaq for a bit here but I also think it's probably short lived. The longer term trend is likely in favor of Large Caps and the Nasdaq as the digital age continues to play out and the market continues to concentrate around the largest companies. The rich get richer as the old saying goes.
There's a decent argument that the large cap tech monopolists continue to dominate more and more verticals. Nothing seems to be slowing them down and they can't be beaten competitively. For small caps to outperform there has to be a burst of productivity otherwise better to just sit in tech.
Thanks my friend. Hopefully you all enjoy it!