Gibbs Wealth Management Sees Greater Breadth Heading Into 2021

The video discusses the recent performance of small caps and the Russell 2000, highlighting a significant market momentum compared to the S&P 500. It explores the current pullback as a healthy market correction and anticipates broader market participation in 2021. The discussion shifts to tech stocks, noting their lagging performance and potential for rotation into other sectors. The video emphasizes the importance of diversification and highlights opportunities in beaten-up sectors like financials. It concludes with insights into market reversals, future trends, and the impact of vaccine news on market expectations.

What percentage gain did Smallcaps experience this month?

What is the significance of the 14-day momentum index mentioned in the text?

How does the current pullback in the market compare to previous ones?

What are the expectations for the market as we head into 2021?

How does the speaker view the relationship between the stock market and the economy?

What factors are influencing the stock market's outlook despite economic challenges?

What sectors are suggested to be more diverse in the current market?