Historically, the December through February period typically favors small caps over large caps $S&P 500(.SPX)$ $Invesco QQQ Trust-ETF(QQQ)$ $iShares Russell 2000 ETF(IWM)$
Big businesses have avoided the pain of higher interest rates (so far) by locking in cheap debt before the rate hiking cycle began.
According to the BEA, net interest paid by US corporations on debt has actually fallen to a 45 year low of $114B.
History shows that equities tend to perform quite poorly in the immediate aftermath of Fed rate cuts.
On average, stocks have bottomed 10-14 months after the first Fed rate cuts (dating back to 1969).
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