Post-lockdown optimism propels Russell 2000 outperformance

US small caps have been the biggest beneficiaries of the global risk-on rally as economies begin to reopen.

US stocks regained their dominance with the global risk rally of the past two months, and US small caps have led the way. The Russell 2000 is up almost 40% from its March 23 low, outstripping the gains of 38% the Russell 1000 and 31.2% for the FTSE All-World.

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