Strong US small cap stocks have insufficient materials to support the continuation of the rise - Mr Wilson
2024/7/22 9:18 JST (some excerpts)
The recent outperformance of US small-cap stocks has faced technical resistance, and Mike Wilson, the chief strategist in charge of US stocks at US Morgan Stanley, pointed out that it lacks fundamental elements to support long-term increases.
The Russell 2000 Index has risen 6.7% so far in July, with materials such as slowing inflation and the possibility that former President Trump will return as a tailwind, showing performance that exceeds the same 0.8% increase of the S&P 500 stock price index. Since the US Consumer Price Index (CPI) fell below market expectations, interest rate cut observations by the US Federal Open Market Committee (FOMC) intensified.
The Russell 2000 Index has risen 6.7% so far in July, with materials such as slowing inflation and the possibility that former President Trump will return as a tailwind, showing performance that exceeds the same 0.8% increase of the S&P 500 stock price index. Since the US Consumer Price Index (CPI) fell below market expectations, interest rate cut observations by the US Federal Open Market Committee (FOMC) intensified.
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