Shares of smaller US companies triggered a sharp sell-off in the market. Some investors say they are starting to see a deal.
The Russell 2000 benchmark of small-cap stocks has fallen 24% vs its November record, began falling nearly two months before the S&P 500 index of large-cap companies. The S&P 500 fell 12% year-on-year, pulling lower as investors realized that red-hot inflation was on the horizon and the Federal Reserve was likely to raise interest rates more aggressively than expected.
