Could long term investors do well with small-cap stocks?
According to Lori Calvasina of RBC Capital Markets the answer is "YES."
Calvasina told Bloomberg there's a "historic valuation opportunity" in small-cap stocks.
However, the strategist said the opportunity should only be for long-term investors with a three- to five-year outlook.
According to Business Insider, Calvasina wants investors to look for stocks in three camps: cyclical, defensive, and longer-term growth.
Calvasina sees a volatile recovery ahead.