Market rally broadening out beyond megacap tech stocks
发表于 ： 17 5月 2024, 10:39
Strong economic growth combined with waning inflation should provide the perfect setup for large-cap stocks to continue rallying, according to Tom Hainlin, senior investment strategist at U.S. Bank Asset Management.
Within large-cap stocks, Hainlin believes the market rally is set to broaden beyond megacap tech names and has now included stocks from the financials, materials, industrials and energy sectors.
On the other hand, the strategist noted that small-cap stocks do not benefit from higher rates for longer like their larger counterparts do, and would not recommend aggressively pursuing the asset class.
— Lisa Kailai Han