Part 4/7:
FedEx is not alone; the Russell 2000 index has also entered bear market territory, having dropped 20% since August. Mann attributes the slower performance of small-cap stocks compared to larger companies—like the FAANG stocks—to investors pulling back on riskier bets in uncertain economic climates. As the Russell serves as a benchmark for 2,000 smaller U.S. companies, its decline raises alarms about underlying economic vulnerabilities.
Mann expressed interest in the investment opportunities presented by disrupted markets, emphasizing that volatility often uncovers strong companies trading at lower valuations.