With the so-called Magnificent Seven accounting for a historic share of this year’s equity rally, the blind love affair with capitalization-weighted indexes appears to be on shaky ground. Retail and institutional investors are looking to diversify into new market winners by sinking cash into everything from consumer stocks to health care – regardless of the sorry track record for anyone trying to beat the tech-driven market.
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low