S&P 500 Index (SP500)

[SmokyStock]

Small caps’ outperformance this year is a good sign, Paul Hickey says

Paul Hickey, co-founder of Bespoke Investment Group, said the strength of the small-cap stocks is a sign of market resilience despite the uncertainty of the Federal Reserve’s tightening path. The Russell 2000
index is up nearly 8% this year, outperforming the S&P 500's 5.4% gain.

“There was some really strong underlying resiliency in the market in the face of tightening financial conditions,” Hickey said on CNBC’s “Closing Bell Overtime” Monday.