Reported about 1 month ago
The Russell 2000 small-cap index has hit a three-year high, indicating a shift in market dynamics. Michele Schneider, chief strategist at MarketGauge.com, discusses the potential market rotation due to investor sentiment around interest rates, suggesting they might have peaked. Despite an overall bullish outlook following two years of growth, she cautions investors to be wary of rate trends, especially in historically volatile October. Schneider highlights retail companies like Ulta Beauty and e.l.f. Beauty, along with pharmaceutical firm Novo Nordisk, as attractive investment targets.
Source: YAHOO