Charlie Dreifus Pens Op-Ed In The Hill—Royce
article 12-07-2020

Charlie Dreifus Pens Op-Ed In The Hill

PM Charlie Dreifus details how government stimulus could benefit the stock market and small-cap companies in his opinion piece published in The Hill.


On December 6, 2020, Charlie Dreifus’s opinion piece, “The Economy Needs Stimulus Now,” that was published in The Hill detailed how small-cap companies could benefit from a focused stimulus package with policies that have multiplier effects on the economy.

Read the article.  

Charlie outlined that the stimulus package must require fiscal support for areas such as infrastructure, broadband, and targeted tax incentives. He added that this would not only create jobs and increase economic activity, but also allow the economy to become more productive. He said targeted tax incentives should cover new tax credits for the purchase of cars or homes, which would help the economy in areas with the highest multiplier effects.

Charlie said these government actions could be positively reflected in the stock market, thus helping small companies because they are more oriented toward the domestic economy than their large-cap peers. As a result, small-caps could feel these effects quickly and profoundly.

“As the economy starts to recover from a challenging but short recession, a significant stimulus would likely improve what is already a favorable climate for small companies,” Charlie Dreifus wrote. “So what benefits the domestic economy should also benefit most small companies.”

Read the article.  

Learn more about Charlie Dreifus here. 

More Insights From Charlie Dreifus On How The Election May Affect Small-Caps.

Important Disclosure Information

Mr. Dreifus’s thoughts and opinions concerning the stock market are solely his own and, of course, there can be no assurance with regard to future market movements. No assurance can be given that the past performance trends as outlined above will continue in the future.

The performance data and trends outlined in this presentation are presented for illustrative purposes only. Past performance is no guarantee of future results. Historical market trends are not necessarily indicative of future market movements.

Percentage of Fund Holdings As of 9/30/2020 (%)

Special Equity Fund





Company examples are for illustrative purposes only. This does not constitute a recommendation to buy or sell any stock. There can be no assurance that the securities mentioned in this piece will be included in any Fund’s portfolio in the future.

Cyclical and Defensive are defined as follows: Cyclical: Communication Services, Consumer Discretionary, Energy, Financials, Industrials, Information Technology, and Materials. Defensive: Consumer Staples, Health Care, Real Estate, Utilities.

This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Smaller-cap stocks may involve considerably more risk than larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.)



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