Monday, September 11, 2017
Go large for U.S. stock leaders, OppeheimerFunds says
Larger U.S. companies are poised to extend years of gains relative to smaller peers, according to Talley Leger, an equity strategist at OppenheimerFunds. He cited the ratio between the S&P 500 and Russell 2000 indexes, which rebounded 13 percent through Friday from an almost three-decade low in March 2014, in a report last week. “The current wave of large-cap outperformance” may last at least two more years, Leger wrote, if history is any indication. Relatively slow economic growth, a weaker dollar and a brighter earnings outlook are among reasons to favor large caps now, in his view.
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