30 October 2024
The current bull market is defying traditional patterns, with mega-cap stocks leading instead of small-caps. Despite the Federal Reserve’s aggressive rate hikes, many U.S. corporations have seen their interest payment burdens decrease. Economic data suggests continuous expansion since the pandemic, with the Nasdaq Composite reaching new record highs. Experts describe this as an unusual market environment, characterized by a “soft landing” that is more of an ongoing process than a destination.