Tax Cut Helping Turn US Small Caps Into Unlikely Source Of Safety
May 12, 2018
NEW YORK – The Republican-led corporate tax cut is helping turn the shares of smaller publicly traded companies in the United States into an unexpected source of stability as the broader stock market wobbles.
Typically, the shares of small and mid cap companies in the Russell 2000 index are more volatile than the large cap S&P 500 .SPX, in part due to their concentration on the U.S. economy and smaller financial cushions.