"Timing the Russell 2000: Evaluating the Small-Cap Stock Rally"

Small-cap stocks, as represented by the Russell 2000, have experienced a remarkable 50-day rally, surging more than 20% since the market's October 27 lows. This rally, one of only 21 similar occurrences since 1979, has caught the attention of analysts and investors. While there has been a slight pullback at the start of the new year, some experts, such as UBS Global Wealth Management, are advocating for adding small-cap exposure to capture potential market upside, citing expectations of substantial earnings growth for small-cap stocks in 2024.