The small-cap index Russell 2000 recently witnessed its most impressive week in over two years as investors bet on the Federal Reserve's halt in its interest rate hike cycle. These stocks tend to lag late in economic cycles and hence it makes sense to go bargain hunting in the small cap space in particular Calvasina told Yahoo Finance Live on Monday. Though the central bank has left the door open for potential future actions as it continues to grapple with the sticky inflation, the bets over such hawkish steps weakened lately.