Bank of America strategists have coined the term “Bro Billionaire,” which refers to a specific basket of popular technology and cryptocurrency-related stocks that have significantly outperformed other market sectors.
These stocks have trounced small-cap stocks in terms of gains. The Russell 2000 Index (IWM) is down over 10% in the past six months, whereas this basket of stocks largely related to crypto and AI have continued surging. They did decline during the tariff spook, but the rally has restarted in earnest as U.S.-China trade tensions thaw.
