That spells trouble for equities, as stocks historically have bottomed after the economy enters a recession and after the Fed begins to cut interest rates. Neither of those events have happened yet, strategists said, suggesting more downside was on the way for investors.Most of the S&P 500's gains have been driven by a, with the excitement for AI leading investors to plow their money into the tech sector. Other sectors, meanwhile, have lagged.
"The market cap weighted S&P 500 index has so far outperformed the smaller-cap indexes as well as the equal weighted S&P 500 Index because this rally has ben driven almost entirely by a small number of large companies. This has not been a characteristics of a durable bull market," strategists said.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: Daily_Forex - 🏆 567. / 51 Read more »