The tech-heavy Nasdaq Composite (^IXIC) trends downward for the second day in a row as many investors rotate out of Big Tech in favor of small-cap stocks (^RUT). Will the index’s troubles coincide as tech stocks and chip makers recover from a recent sell-off? Will market narratives shift dramatically after the 20024 election?Strategas Research Partners managing director of investment strategy research Ryan Grabinski joins Market Domination to discuss this tech rotation and how markets may perform moving forward.”Until I start to see some sort of fundamental follow-through with regard to the small caps, I’m a little skeptical about the durability of the rally now. The banks make up a large portion of the small-cap index, and everything that’s going on in Washington, there’s certainly… might be some regulatory reprieve that comes should the Republicans ultimately win… But that’s probably more likely going to be a trade rather than an investment opportunity. There’s not necessarily a story that would be associated with the banks more longer-term, and so obviously that kind of hurts the small-cap space overall.”
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