I Do Like Small Caps: Credit Suisse's Jonathan Golub

The video discusses the ongoing value trade and its impact on various sectors, emphasizing the role of stimulus in boosting old economy stocks. It highlights the performance of small caps and suggests focusing on value over growth. The discussion also covers the Fed's response to economic data, wage pressures, and their effect on profit margins. Finally, it explores the commodity market, particularly oil and copper, and the potential for a commodity supercycle.

What factors contribute to the current value trade in the market?

How do small-cap stocks compare to the broader market according to the speaker?

What are the implications of the Fed's response to economic data according to the speaker?

What sectors are expected to feel the most margin pressure from rising wages?

What is the speaker's perspective on the impact of wage increases on profit margins?

How does the speaker describe the relationship between inflation and consumer confidence?

What is the speaker's view on the future of the commodity trade?