Reported 7 months ago
JPMorgan Asset Management predicts the current tech-centric stock market rally will broaden in the second half of 2024, expanding beyond the tech sector. They anticipate the Magnificent Seven standouts to be surpassed by other sectors. Earnings expectations for the latter part of the year show a convergence between major tech company earnings and those of other companies. Market strategists are looking for earnings to improve in the second quarter as discussions shift towards a more diversified market rally.
Source: YAHOO