Stocks Rise Amid Powell's Rate Cut Hopes and Market Uncertainty
TL;DR Summary
The S&P 500's rally is broadening as investors anticipate Federal Reserve rate cuts, leading to a significant rotation into small-cap stocks. The Russell 2000 outperformed the Nasdaq 100 by nearly 12 percentage points over four sessions, marking a historic shift. While this broadening is seen as positive, the rapid rise in small caps suggests potential overheating, prompting caution among investors. The overall market remains optimistic, buoyed by better-than-expected retail sales and hopes for economic resilience.
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