As whispers of impending interest rate cuts grow louder from central banks worldwide, a new wave of optimism is beginning to ripple through the often-overlooked small-cap sector. These nimble, growth-oriented companies, typically more sensitive to the cost of borrowing, have faced significant headwinds in a high-interest rate environment. Now, with
Small-cap and blue-chip stocks advanced in Wednesday morning trading on Wall Street, while technology names lagged and the S&P 500 hovered near record levels as investors braced for the Federal Reserve's interest rate decision.
The company finalized a $15.9 million securities deal with an institutional investor and also announced the launch of a new at-the-market equity program.
According to a Bloomberg report citing Bessent’s mortgage applications with Bank of America, the Treasury Secretary agreed to occupy two different homes as his “primary residence” simultaneously, a pledge similar to one made by Cook.
The price of gold has reached unprecedented levels, sparking speculation about a historic surge. However, Bank of America (BofA) Global Research suggests that the situation is more complex than it appears.
Investors withdrawing from stock market, but not technology. Tech-themed ETFs had $3.42B inflow, led by XLK, QQQ & SMH. Valuations high, prepare for volatility.
