The current market rotation into small-cap stocks shouldn't come at the expense of the broader equity rally, according to Mark Luschini, chief investment strategist at Janney Montgomery Scott .
In fact, Luschini's call for the S & P 500 is that the index could rise to the 6,000 level in the next 12 months.
While some investors have called into question the longevity of the current rotation into small-cap names, Luschini believes that the trend's legitimacy has been proven thus far.
But at this point, the lagging sectors have built on the gains they have established in the last several weeks to push the market higher.
That said, the strategist emphasized the importance of the technology sector in carrying the S & P 500 to his 6,000 target next year.
Persons:
Mark Luschini, Janney Montgomery Scott, Luschini, we've, There's
Organizations:
CNBC, Luschini
Locations:
U.S