Crefuthope :
There is a short bottom in the 3-day chart without breaking new lows. Consider that it is only the second day. Time value is also important
Big potiental for Russell 2000, REITs & Bond markets in second half year of 2024. AI stocks may be struggling in short term but fundamentals are still very strong. A little pullback is normal.
Salmon Klein :
why big potential for Russell, REIT, etc because incoming rate cuts? because small companies need loans or what is It? I dont get it sorry. could you please explain? thanks
Phil DunnOPSalmon Klein:
Small Middle cap companies and REITs usually have large debts so they will benefit hugely from Fed rate cuts. Mega cap companies like Microsoft,Google,Nvidia,etc…They have little debts and huge cash balances so they have no advantages from Fed rate cuts. You can read this article for more details. Will Rate Cut Expectations Trigger a Shift from Large to Small Caps?
The $Dow Jones Industrial Average(.DJI.US)$surged to a new record, closing up 247.15 points (0.62%) at 40,000.90. The $S&P 500 Index(.SPX.US)$ and $Nasdaq Composite Index(.IXIC.US)$ also saw gains of 0.55% and 0.63% respectively. This rally was driven by positive investor sentiment despite mixed economic signals.
Key Stock Movements
• eVTOL Stocks: $Joby Aviation(JOBY.US)$ soared nearly 28% and $Archer Aviation(ACHR.US)$ rose over...
AI stocks may be struggling in short term but fundamentals are still very strong. A little pullback is normal.
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