Stimulus Bill Won't Impact Small-Caps Much, Says Spotlight's CIO

The video discusses the strong earnings performance of S&P 500 companies, with many surpassing expectations. It highlights the optimism in small caps and the potential impact of a stimulus package. The discussion also covers the anticipated economic recovery and increased consumer spending as vaccine rollouts progress. Investment picks like Activision and Marvell Technologies are explored, emphasizing long-term trends in gaming and 5G technology.

What was the percentage of S&P 500 companies that exceeded their earnings expectations?

• 90%

• 70%

• 82%

• 60%

What is the expected impact on small-cap stocks if the stimulus package is smaller than anticipated?

• No impact

• Short-term decline

• Long-term decline

• Immediate growth

What historical trend is associated with positive earnings revisions in small-cap stocks?

• Short-term volatility

• No significant change

• Long-term outperformance

• Immediate decline

What is one reason the market might not be as expensive as it appears?

• Decreasing stock prices

• Low consumer spending

• Strong earnings surprises

• High interest rates

What long-term trend is associated with gaming according to the transcript?

• Only a lockdown activity

• Limited to teenagers

• Becoming a mainstream sport

• Decline in popularity