Michael Darda, chief economist for MKM Partners, told CNBC’s “Squawk on the Street” that the current market favors small-cap stocks and emerging markets.
“We’re in an environment of massive liquidity, booming global growth and interest rates are still low,” Darda said Tuesday. “That favors smaller companies, emerging markets. The falling dollar favors international issues over domestic concerns.”
He said valuations remain strong despite the falling dollar.