A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal Reserve's expected rate cuts in September. https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1720856474343-YAKIHONNES3.jpg As the market's fortunes keep rising and falling with big tech stocks such as Nvidia and Apple are also putting money in less-loved value stocks and small caps, which are expected to benefit from lower interest rates. The Fed is expected to kick off a rate-cutting cycle at its monetary policy meeting on Sept. 17-18.
Liz Ann Sonders, chief investment officer at Charles Schwab, noted that the broadening trend is significant, stating, "No matter how you slice and dice it, you have seen a pretty meaningful broadening out and I think that has legs." This sentiment reflects a growing optimism among investors regarding the potential for earnings growth across a wider range of sectors
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