HomeMarketsEarningsThe Argument for Small Cap Outperformance in 2026

The Argument for Small Cap Outperformance in 2026

Francis Gannon thinks we are at “just the beginning” of a prolonged outperformance from small caps. Earnings, the upcoming tax changes, deregulation and reshoring are all tailwinds, he argues. He also believes AI benefits are coming for small caps. Francis also discusses how more small cap companies are IPOing, and how they intertwine with private capital markets.

Morning Trade Live

04 Dec 2025

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