AFMC - What Market Breadth Tells Us About The Current Rally
2024-06-25 12:50:00 ET
Summary
- Is the breadth of the rally narrowing?
- Why industrials may be the generals of the current market rally.
- Market breadth narrowing, but still in a two-year bull market cycle.
- Is tech the only sector driving the market rally?
U.S. markets have spent most of the year testing new highs, with much of the credit being given to mega-cap tech stocks. Benjamin Gossack, Managing Director and Portfolio Manager with TD Asset Management, speaks with Kim Parlee about the state of the markets and other sectors, beyond tech, that may be helping to drive the upward momentum.
Transcript
Kim Parlee - The halfway point of 2024 is almost here, and so far markets have been on quite a run. The S&P 500 is up more than 14% year to date. The Nasdaq up more than 18. And both have been hitting record highs. Much of those gains have been driven by mega tech stocks. But that hasn't been the only driver. Joining us for a look at what he is watching is Benjamin Gossack managing director and portfolio manager with TD Asset Management....
What Market Breadth Tells Us About The Current Rally