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R2000 starting first leg of final fifth wave rally that likely extends to 2750 by Jan `26

December 2, 2025

Small-Cap Market Outlook

R2000 starting first leg of final fifth wave rally that likely extends to 2750 by Jan `26

Sector rotation.  Health Care remains the key sector led by BioPharma. Special studies on CDS pricing, Oil futures’ return to backwardation and Platinum/Gold ratio higher low favors small-cap outperformance.

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