The Vanguard US Small Cap ETF is breaking out to the upside led by the recovery in growth stocks, which have shown signs of life following weakness in 2022.While the near-term technical picture for the VB suggests some further near-term upside, the ETF is unlikely to generate strong long-term returns. Future returns are likely to be lower than seen in the past even if profit margins remain at all-time highs as real sales growth slows in line with real GDP.
