Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “DataTrek’s Nicholas Colas points out that in recent weeks, equities have reflected typical “risk-on” behavior, with small-cap stocks outperforming large-caps, and the Nasdaq Composite beating the S&P 500. The rebound came amid expectations that recent signs of a slowing economy may prompt the Federal Reserve to scale back its interest rate hiking cycle in the fall”….
Full article here on Yahoo Finance.