WS #14209
US retail sales miss, institutional investors trim Magnificent 7 exposure, and BofA favors value/biotech/commodities over AI. Reddit joins the S&P 500 this week, triggering index fund buying and a 12.6% stock surge.
Macro data and tech rotation
US retail sales miss, institutional investors trim Magnificent 7 exposure, and BofA favors value/biotech/commodities over AI.
Reddit joins the S&P 500 this week, triggering index fund buying and a 12.6% stock surge.