The broader market advanced modestly last week and continued to be led by a rotation into smaller-cap stocks along with optimism across select cyclical sectors. The Russell 2000 surged 3.3% and the S&P Mid Cap 400 climbed 2.6%, signaling broad support for domestically oriented stocks, while the Dow Jones rose 1.5%, finishing the week with fresh record highs. The S&P 500 only added 0.3%. The Nasdaq lagged behind the other indices, retreating 0.6% week-to-date, reflecting ongoing headwinds for the mega-caps.<\/p>\n\n\n\n
The iShares U.S. Home Construction ETF gained 3.0%, while consumer discretionary rose 1.3%, underscoring interest in sectors positioned to benefit from a potentially more accommodative policy stance. The financials (+2.1%), industrials (+1.8%), materials (+2.1%), and energy (+2.8%) sectors also contributed meaningfully to the week\u2019s gains. Conversely, defensive and large-cap technology names lagged. The technology sector fell 1.6%, the communication services sector retreated 0.9%, and the Vanguard Mega Cap Growth ETF closed the week down 1.1%, reflecting continued rotation away from mega-cap and tech-heavy indices toward smaller and more cyclical stocks.<\/p>\n\n\n\n
The Markets surged on Friday after Fed Chair Jerome Powell\u2019s Jackson Hole speech hinted at a willingness to adjust policy if conditions warrant, while Cleveland Fed President Beth Hammack emphasized that inflation remains elevated. The probability of a 25-basis-point rate cut at the September FOMC meeting fluctuated during the week but finished elevated, providing a cautiously supportive backdrop for equities.<\/p>\n","protected":false},"featured_media":15928,"template":"","categories":[479,666],"tags":[],"class_list":["post-21813","opinion-article","type-opinion-article","status-publish","has-post-thumbnail","hentry","category-research-en","category-financial-analysis"],"acf":[],"_links":{"self":[{"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/opinion-article\/21813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/opinion-article"}],"about":[{"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/types\/opinion-article"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/media\/15928"}],"wp:attachment":[{"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/media?parent=21813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/categories?post=21813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/creandgroup.com\/en\/wp-json\/wp\/v2\/tags?post=21813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}