A sustained rally doesn’t have to mean a broad one

A sustained rally doesn’t have to mean a broad one

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:

As we came into 2024, a lot of strategists were calling for a broadening of the stock market rally beyond the Magnificent Seven. Those calls sounded familiar, because we’ve been hearing them for at least the past year.

But the broadening hasn’t really materialized. And now the major averages are hovering at record highs.

Maybe it’s time to put to bed the notion that…


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