Monday, July 22, 2024

A stock-market rotation of historic proportions is taking shape on Wall Street

Good news! Shakers and movers! Or pump and dump? 😊

Or does this happen in reaction to the assassination attempt on Donald Trump and the resignation of the 46th President?

"The Russell 2000 index of smaller stocks beat the S&P 500 over the seven days through Wednesday by the largest margin during a period of that length, according to Dow Jones Market Data whose information goes back to 1986. In addition, the Russell 1000 Value index notched its biggest lead over its growth-stock counterpart since April 2001, after the dot-com bubble burst. Few investors saw the switcheroo coming, and many are puzzled by what’s behind the shift. Today saw a big rebound in tech shares that helped lift major U.S. stock indexes.  ..."

The Wall Street Journal What's news

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