Part 4

Conclusion

While skepticism around small caps remains high after years of underperformance, there are growing signs that a reversal could be on the horizon. 

Fundstrat Head of Research Tom Lee believes so. In an appearance on CNBC at the end of last year, Lee said that small caps are poised for a period of significant outperformance, potentially beating the S&P 500 by more than 100% over the next few years. As of writing this in July 2025, he is still bullish on small caps. 

In a marke...

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Intermediate
Woe is Small Caps. Can They Outperform Any Time Soon?
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