Reported 12 months ago
JPMorgan Asset Management's David Kelly believes that the dominance of tech giants in the US stock market will continue unless there is a major market downturn similar to what occurred in 2022. He predicts that earnings growth in the S&P 500 Index will expand beyond tech behemoths by the end of the year but may not be enough to close the performance gap. Kelly asserts that a significant blow to market sentiment would be necessary to halt the flow of cash into Big Tech, which has been driving the market's rise in 2024.
Source: YAHOO