Investors rapidly raised rate cut expectations post-Powell comments, leading to a historic rally in small cap stocks and heavily shorted stocks post-July 11th, showcasing the impact of funding influx into small caps in the second half of 2024.
The market reacted variably to the pricing in of 3 expected rate cuts this year, with the Nasdaq struggling while the Russell 2000 surged, highlighting changing winners in the current market environment.
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