The Trading Floor: US Stock Sector Rotation & Big Bank Earnings Explained
On Thursday, US inflation dropped to 3% in June, leading to increased bets on interest rate cuts. As such, the Russell 2000 outperformed the Nasdaq 100 by 5.8 percentage points, signaling a rotation out of tech megacaps. Discover the winners and losers in this market shift. Meanwhile, J.P. Morgan, Citi, and Wells…
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