The stock market rally that shocked everyone has already covered other sectors too

Along with another dizzying surge this week, there were signs of an increasingly fair share of earnings, including the best week for small caps since March and the S&P 500 outperforming a trendless version of the same index. This time around, industries that fared less well, from transportation to real estate and energy, led the way.

The idea that profits, initially confined to an AI mega-corporate oligarchy, will begin to spill over has been a bullish leitmotif all year, reinforced this week by a flurry of economic reports that revealed that a recession is still a long way off. This proved beneficial for stocks of all types, with nine out of ten members of the S&P 500 rising. The parallel version of the index outperformed the traditional version by one percentage point, posting its best weekly result since January.

Source: The Delfi





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