Scott Bessent: “The Russell Index of smaller cap stocks has outperformed.”

“I don't have time to follow the markets as closely, but to the extent last year, year before, everyone said, oh, this is just mag 77 stocks. It's not healthy. We've seen a big broadening out in the market. The Russell Index of smaller cap stocks has outperformed. The S and P equal weight has outperformed. And I actually think that that speaks to the economic recovery. We're seeing it across all sectors.” (33:17–33:22)

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