The performance gap between tech and the rest of the market
The performance gap between tech and the rest of the market: Tom Essaye Quoted in Forbes
Why A Magnificent 7 Breather Could Be A Good Thing For The Stock Market
“The performance gap between tech and the rest of the market is so wide that it’s reasonable to expect continued closing of that gap as markets more fully embrace the idea of the start of a rate cutting cycle,” summarized Sevens Report founder Tom Essaye, noting in the “near term” non-tech sectors may mount a catchup rally. Essaye is referring to Thursday’s strong inflation data which bolstered calls for the Federal Reserve to soon lower interest rates, which broadly help most equities but tend to favor certain rate-sensitive sectors like real estate.
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