NVQ - Stimulus Small Caps And Growth

• Last week, the latest US fiscal stimulus was signed into law, delivering $1.9 trillion of aid to a wide range of people and groups, as well as other non-COVID related spending.
• We know from the prior two COVID aid bills that direct aid can make a substantial economic impact.
• While the broader market has only moved modestly as a whole, there are much more substantial changes unfolding under the surface.
• Economic expectations are clearly rising, benefiting cyclicals and other value-style securities, but many growth-oriented businesses are truly disruptive enterprises that should not be overlooked.

For further details see: