Urgent sector News: These equities Will Shoot UP
In this video, I discuss a significant event in the stock sector that has only occurred once since 1978. The Russell 2000 index recently surged by 3%, while the S&P 500 and NASDAQ were down, creating a 5.5% spread between the Russell 2000 and the NASDAQ. This is typically seen at the end of bear markets and signals the start of massive bull rallies.
I went into the recent breakout of the Russell 2000 from a two-month consolidation and its implications for the broader sector.
On July 11th, the Russell 2000 broke a two-year resistance line, indicating a potential catch-up to the S&P 500 and NASDAQ as well.
I also did go over some historical data, comparing the current situation to sector behavior in late 2020 and October 2008.
More importantly, I went into the recent lower-than-expected CPI data, which has increased the probability of a rate cut by the Federal Reserve in September.
I shared my views with you, on the overall likelihood of a “soft landing by the Fed” and how this might influence sector trends.
Also, I highlighted capital opportunities, including Tesla, small caps like iShares Russell 2000 ETF (IWM), and other potential long-term investments in Nike, and Chipotle etc.
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