Reported 25 days ago
The recent market rally is moving beyond technology stocks, with sectors like healthcare and financials gaining traction. Phil Orlando, chief equity strategist at Federated Hermes, notes that while the S&P 500 was largely driven by a few major tech companies in the past two years, those stocks have become overvalued. He predicts a more diverse rally focusing on value stocks and smaller-cap companies, which are now beginning to show strong fundamentals and catch up.
Source: YAHOO