Has the Market Peaked?
After a period of strength for stocks, investors were reminded last week that prices could also go down. While most of the weakness was concentrated within the largest names, many stocks experienced varying levels of selling pressure last week.
In this week’s update, we will review why last week was so volatile and whether the current market action reflects the continued rotation into small-cap and value stocks or the beginning of more pronounced weakness across the board. We will also discuss the impact of politics and elections and how prior periods impacted stocks before, during, and after the election.
Key Takeaways
- Investors May Continue to Use Large Cap Tech as a Source of Funds
- Historic rotation out of large-cap tech and into small-caps may be important
- Lower Rates May Benefit Small Caps, EM, EAFE, and Profitless Tech
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