As the Russel 2000 index (^RUT) rallied in July, investors braced for a market rotation away from Big Tech and the Magnificent Seven into small-cap stocks...
"The broadening of market leadership will remain a prevalent theme in the remaining months of the year. We have a resilient economy, which means that there is still growth. And we know there's a big valuation gap between the 493 and the Magnificent Seven.
The gap between the Magnificent seven and the rest of the market is starting to narrow, especially as we look at Q three and Q four.We have, uh uh still positive economic growth, and after earnings stalling for more than a year now, they are bouncing back with the rebounding margins are, some of the price pressures are easing.
While this this happens and going back to the point about small caps, I think mid caps is a compelling part of the market.
Angelo Kourkafas Edward Jones Market Leadership
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