Small-cap growth stocks are at their lowest P / E valuation in at least 24 years.
Growth stocks typically trade at premium prices. But in this market, rising interest rates have turned small-cap growth stocks into a bargain group. This may be a beautiful setup for long-term investors. The following chart, provided by Alger Director of Market Strategy Bradford Neuman, underscores the opportunity: Alger, FactSet The chart shows the weighted forward…
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