Powell's dovish remarks helped the strong rebound of US small-cap stocks! Bank of America and UBS join the bullish camp.

According to the Wise Finance APP, small-cap US stocks have already caught the rotating trend of "funds flowing out of large-cap technology stocks and into the market's stagnant sectors." And the dovish signal released by the Federal Reserve Chairman last Friday has injected more momentum into this rebound. Strategists from Bank of America and UBS both hold this view, believing that Jerome Powell's signal of "cutting interest rates as early as next month" at the Jackson Hole Symposium has provided optimistic support for the small-cap stock market.