Small-caps have outperformed large-caps coming out of recessions 6 out of the last 6 times (all that we have data for), and on avg by 14% from the trough.

🧵Small-caps have outperformed large-caps coming out of recessions 6 out of the last 6 times (all that we have data for), and on avg by 14% from the trough. Props to @StrategasRP for the charts (and for the assist in my small-cap love affair). pic.twitter.com/Zpt69UoXSq

— Liz Young (@LizYoungStrat) October 19, 2022

Tell me I'm early, that's fine. I probably am. That's why I talk about these as ideas for starting to build positions, so you're there if/when the thesis kicks in. The early bird gets something…I've never heard a saying about the late bird.

— Liz Young (@LizYoungStrat) October 19, 2022