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Small-limits, which typically have more debt than its huge opposition, had been hit difficult because of the rising borrowing from the bank will cost you over the past while, but one’s arriving at an end, according to Lee. “To the an expense-to-book basis, small-hats is trade during the in which these were in the 1999, relative to the brand new S&P. Which is actually the start of a a dozen-year outperformance stage,” Lee advised CNBC.