Small cap stocks could finally break out above their large cap peers in 2024, according to Goldman Sachs portfolio strategists. "The combination of low current valuations and a healthy economic outlook indicates that the Russell 2000 small-cap index should return roughly 9% in the next 6 months and 15% in the next 12 months," Goldman Sachs analyst Ben Snider wrote in a Monday note. That 15% forecast tops the 7% expected gain for the large cap S & P 500 that Goldman sees by the end of the year, or 9% when including dividends. Small caps lagged large caps by a wide margin in 2023, with the Russell 2000 climbing about 15% compared to…
