The recent rally in small cap stocks was driven by hopes that regulations will ease under the Trump Administration. Jim Cramer says small caps are the biggest victim of regulation, as larger companies have the resources to lobby for regulations that benefit them. Cramer cited Waste Management (WM) as a case in point. The Russell 2000 rallied to new highs this week, joining the Dow Industrial Average and S&P 500 in record territory. The broader marker has hit several new highs since the presidential election.
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