Russell 2000 leads the EPS upgrade cycle

The EPS recovery outlook continues to brighten globally, with forecasts for most markets and sectors enjoying a fresh round of upgrades in recent months. This revision cycle has been a major force behind the dramatic leadership rotations this year.

The US small-cap Russell 2000 remains the recovery pacesetter, with EPS now expected to more than triple year-over-year this year (owing much to base effects), and to advance at a 36% pace in 2022. FTSE World estimates for 2021 have been raised significantly over the past three months (from 15% to 28%), bolstered by upgrades for most markets.

You can now read the full blog post at the link below