Consumer spending faces headwinds from negative real wage growth, but a resilient labor market and strong business investment (AI CapEx) provide support. Small caps are outperforming large caps due to improved earnings fundamentals, a shift from past unsustainable rallies.
implicit
implicit
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Charles Schwab
7.8
Asset Manager $890.00B
Kevin Gordon 9.0
Asset Manager $890.00B
Kevin Gordon 9.0
6/9/2026 7:00:31 PM
ndx
The guest notes that while big tech and semiconductors have been top performers off the rebound, the focus is shifting to small caps, implying a relative underperformance or consolidation for the Nasdaq.
rut
small cap outperformance... this time there has been more of that fundamental underpinning... you do have pockets of outperformance down the cap spectrum.
| 5/9/2026 5:00:57 PM | medium term up | 21 days later | +1.22% | +1.22% |
| 5/8/2026 7:01:43 PM | short term cautious up | 7 days later | -3.33% | -1.66% |
| 5/7/2026 10:23:56 PM | short term cautious down | 5 days later | -0.60% | +0.30% |
| 3/9/2026 3:30:01 PM | short term down | 6 days later | -1.76% | +1.76% |
| 3/3/2026 7:15:05 PM | short term down | 5 days later | -3.12% | +3.12% |
| 2/18/2026 5:01:08 PM | short term up | 5 days later | -0.48% | -0.48% |
| 1/27/2026 2:00:35 AM | short term down | 5 days later | -0.50% | +0.50% |
| 12/12/2025 11:34:07 PM | medium term cautious up | 21 days later | +0.68% | +0.34% |
| 12/11/2025 6:01:13 PM | short term up | 5 days later | -2.32% | -2.32% |
| 11/18/2025 6:00:07 PM | short term down | 5 days later | +2.83% | -2.83% |
yields
The guest suggests that a full-blown hiring boom is not happening and that this is good for inflation, implying that the Fed may not need to hike further, which could lead to lower yields.
