Broad market rotation eclipses rate-cut hype as markets brace for earnings
Investors are moving away from tech toward cyclical and value stocks as the U.S. economy stays steady and the Fed is expected to hold rates this week, shifting focus from rate-cut bets to earnings and fundamentals; energy, industrials and materials lead gains, the Russell 2000 outpaces the S&P 500, and Mega-cap tech’s influence wanes ahead of key earnings just as expectations for future rate cuts evolve.