Stock Rotation Is Back on Bets Fed Will ‘Go Big’: Markets Wrap
- Small caps rally, largely outperforming group of big techs
- Swaps price about 40% chance of a half-point cut next week
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Wall Street traders revived prospects for a half-point Federal Reserve rate cut this month, driving stocks to their best week in 2024 amid a rotation into companies that would benefit the most from policy easing.
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