Stocks, Gold Rise on Bet on Aggressive Fed Rate Cut Wall Street is experiencing a significant shift in investment strategies as traders increasingly bet on a substantial Federal Reserve rate cut. This has led to a rotation from tech giants to smaller, economically sensitive stocks. The Russell 2000 index of smaller firms outperformed tech megacaps, while an equal-weighted version of the S&P 500 beat the standard benchmark. This rotation suggests a broadening of the market rally beyond the handful of tech companies that have dominated gains so far this year, as investors anticipate that Fed rate cuts will boost the broader economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Yuan Hits Weakest Level Since November as China Loosens Currency Control READ MORE Oxfam Report: Billionaire Fortunes Double Amidst Global Pandemic READ MORE Investment Giants Turn to Gold as Hedge Against Economic Uncertainties READ MORE Shenzhen: China's Rising Star in the Gold Jewelry World READ MORE Fed's Barr: Disappointing Inflation Data Delays Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment