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Small-caps, and therefore normally have a lot more personal debt than simply its huge competition, were struck hard because of the rising borrowing will cost you for the past while, but you to definitely’s visiting a finish, considering Lee. “On the a cost-to-guide basis, small-limits is actually change during the where these were inside 1999, prior to the brand new S&P. And that try the beginning of a good a dozen-12 months outperformance stage,” Lee informed CNBC.