Signs of a nearing US-China trade deal sparked a broad market rally, boosting stocks, oil, and copper, while Treasuries and gold declined. Investors are anticipating a potential accord, with top negotiators reporting progress on contentious issues. This development is seen as a short-term risk-on cue, though sustainability hinges on fundamental backing.
Is the smallcap rally a trap? Only 37% of stocks are outperforming their benchmark
India’s recent smallcap surge indicates that less stock is outpacing the benchmark index, revealing a narrowing group of successful stocks boosting overall returns. Conversely, largecap