Jim Cramer Explains Why the Russell 2000 Hit New Record Highs This Week
Small cap stocks have rallied into new record highs this week, on hopes that regulations will lessen under President Trump.
The recent rally in small cap stocks was driven by hopes that regulations will ease under the Trump Administration. Jim Cramer says small caps are the biggest victim of regulation, as larger companies have the resources to lobby for regulations that benefit them. Cramer cited Waste Management (WM) - Get Report as a case in point. The Russell 2000 rallied to new highs this week, joining the Dow Industrial Average and S&P 500 in record territory. The broader marker has hit several new highs since the presidential election.
