Gina joins the CNBC Trading team nation, by phone from London, to discuss the small caps.
Todd Gordon, managing director of Ascent Wealth Partners, says two groups have contributed the most to the small-cap rally. The first, financials as measured by the PSCF small cap financials ETF, has surged nearly 16% just this month.
“It’s been outperforming the Russell only recently … most likely in response to U.S. Treasury yields moving up,” Gordon said Tuesday on CNBC’s “Trading Nation.” Higher yields benefit banks’ profitability, often giving their stock prices a boost as well.
Story by Keris Alison Lahiff @KerisAlison