The S&P 500 (^GSPC) reached another intraday high on Thursday following fresh GDP and jobless claims data that indicated strong economic trends. This comes...
) reached another intraday high on Thursday following fresh GDP and jobless claims data that indicated strong economic trends . This comes as investors anticipate the next Federal Reserve rate cut, following an aggressive initial 50 basis point reduction. Chairman and Managing Member of Great Hill Capital , LLC Thomas J. Hayes joins Wealth! to share his market outlook.
But our next guest thinks that investors might want to prepare for a little bit of volatility ahead to discuss.And so let's discuss this. I think moving forward history suggests that the UN magnificent 493 will outperform the magnificent seven.Uh, history also suggests after the first rate cut small caps will outperform large caps by over 11% in the 1st 12 months.Value outperforms growth in the first six months after the first cut.And finally, this is the topic du jour today, uh, emerging markets will start to outperform developed markets.
Uh, and this was an inflexion quarter where the un magnificent 493 as you referenced broadening, uh, just inflected and started to accelerate earnings growth.So not only is it beginning, it's going to accelerate uh, small cap earnings growth 7% this year, 37% next year.And to your point, how do you define quality is prices what you pay value, what you get.
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