Fed Rate Cuts Historically Don’t Boost a Small-Cap Rally: Barclays

• Small-caps historically decline before and after the first interest rate cut, Barclays reported.
• This argues against the growing narrative that the easing cycle will boost small-caps, the bank said.
• Wall Street is divided on whether the sector’s rally can continue.

Small-caps are getting new love on Wall Street, but not much supports the expectation for th