Small caps fall to four-year lows, and trader warns of 'more pain' (via TradingNation)
has tumbled 25% for the month — far worse than the S&P 500's 14% decline. The Russell is now trading at levels not seen since mid-2016.Mark Tepper"I would not be buyers of the group right here. I think there's more pain ahead for small caps," Tepper said on CNBC's "
Small caps "were already companies that weren't as healthy as large caps — about 40% of them were making no money before this drawdown. They're more leveraged than large caps, which means they have more debt, and when you make less money and you have to pay more to service your debt, that is not a good combination," Tepper said.
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