Watching Small Caps After Recent CPI Print
That last CPI reading was a bit of a mixed bag, certainly not the slam dunk the bulls wanted to see for quick rate cuts. It's making me reconsider some of the high-beta names I had on my watchlist, specifically in small caps, where leverage costs hit harder. I'm keeping a closer eye on quality value names now; maybe even something like $BDL, up 2.25% today to 48.12, looks relatively resilient.
Absolutely, the 'soft landing' narrative feels more like a gently deflating tire at this point. Shifting to quality value in small caps is probably wise; chasing high-beta now feels a bit like trying to catch a falling piano with your teeth.