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Vanguard Says US Tech 'Euphoria' Can Break One or Two Ways
Joe Davis, chief economist and global head of investment strategy at Vanguard, says the valuation gap between tech and other stocks will narrow in the coming years. "I think we can see some modest deceleration in the tech sector, at some point it has to come," Davis says on Bloomberg Television. "But if the economy holds up, I think other parts of the market could catch up and I think that would be good news."
Lagging US Small Caps Show Cracks Are Forming Beneath the Rally
US small cap stocks have underperformed larger peers as the Russell 2000 index diverged from the S&P 500 so far this month, reflecting growing concerns about the US economy as inflation remains sticky and the Fed keeps rates high. Bloomberg MLIV's Nour Al Ali joins "Bloomberg Markets Today" to discuss these themes.
Don't Bet on Fed Rate Cuts. Do This Instead
Small-capitalization stocks are more sensitive to interest rates than their large-cap peers. When the Federal Reserve lowers rates, or even hints at it, lackluster small-cap names should surge, as lower interest expenses tend to goose their profits more than other stocks.
Express News | FibroBiologics To Join Russell 2000 Index; Effective July 1 Following Annual Reconstitution
Express News | Powerfleet To Join Russell 2000 Index, Effective At Open On Jul. 1
Powerfleet Set to Join Russell 2000 Index