3 Reasons Small-Caps Could Surge 50% in 2024, According to Tom Lee

• Small caps will outperform the S&P 500 by at least 50% in 2024, according to Fundstrat’s Tom Lee.
• Projected earnings, valuations, and revenue growth of small-caps are set to outshine large-caps in 2025.
• Lee highlighted parallels with 1999 when small-caps outperformed by 650 basis points annually, totaling a cumulative 113% over 12 years.

Investors fixated on mega-cap names might be missing out on potential in a more low-key corner of the stock market, which is set to unleash huge return