Small caps haven't been this cheap compared to large stocks in nearly two decades — How to play it

New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020.
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(This story is for CNBC Pro subscribers only).

The dramatic market sell-off sparked by the coronavirus has widened the valuation gap between large cap and small cap stocks, and it may be time for investors should take a look at the smaller names, according to Bank of America.

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