IVOO - Market Rotation Update
2024-07-23 06:20:00 ET
Summary
- The seven trading days from July 11 to July 19 brought a significant rotation in the market among capitalization segments, with strong performance from smaller-cap stocks and a general broadening of market performance.
- The rotation began on July 11, triggered by the cooler-than-forecast June Consumer Price Index report, which showed a decline of 0.1% month-over-month.
- The recent rotation in the market is a reminder that it only takes expectations to pivot, not an actual rate cut announcement, to help fuel smaller-cap performance.
We want to share a brief update regarding the recent rotation in the market among capitalization segments and provide a glimpse into what we are currently seeing in the small/mid-cap and large-cap spaces....
Market Rotation Update