Sector Chart Pack: Follow Up To The Roundtables

Investors are increasingly more optimistic about the trajectory of the US economy and believe that the “Fed put” is in play limiting the downside. While the majority still have cash to put to work, many are waiting to see if the rally broadens thanks to earnings rebound across non-GenAI sectors. Fairly conservative positioning and expectations of the rangebound markets point to a consensus view that the market may be fully valued, and a soft-landing outcome along with rate cuts, are priced in.