The January-March data in the US disappointed. That is looking like an anomaly based on the last two months’ data. It is giving more leeway to the markets. Ajay Bagga sats there will be a sectoral rotation away from the magnificent seven, from the growth stocks today. We are seeing the midcaps, smallcaps going up nearly 3%. The Russell 2000 index is up 3%.
US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.
November 10, 2026