S&P 500 equal-weighted version posts its best two-week stretch since November 2020, indicating growing investor confidence in interest-rate cuts.
S&P 500's next leg up may be driven by battered stocks as investors grow confident about interest-rate cuts. An equal-weighted version of the S&P 500, which has trailed the benchmark gauge for months, just posted its best two-week stretch since November 2020, indicating a shift in market confidence. This is happening as optimism over eventual monetary easing is pushing investors away from perceived safe havens like Big Tech.
July 21, 2024
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