Investors gear up for new buying opportunities as chatter around the Federal Reserve’s potentially cut rates by mid-2024 continue to make the rounds on Wall Street.
Carson Group Chief Market Strategist Ryan Detrick joins Yahoo Finance anchor Rachelle Akuffo to discuss why he is more bullish on the overall stock market and how it will broaden out past the previously hyper-focused tech sector.
“The [Russell 2,000] just had one of its largest two-month gains ever, like over 20%, the last two months last year,” Detrick says on broadening bullishness onto small and mid cap stocks. “What does that mean? We took a look at the ten best two-month periods ever… One year later, the Russel [2,000], when you have two months like we just did, has been higher 9 out of 10 times, up 27% on average a year later.”
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