Investors are increasingly optimistic about a soft landing, where inflation is brought under control without a painful recession. Tech shares have been some of the biggest winners, but they’re not the only ones.
This year’s laggards—small caps, bank stocks and cyclicals—have also jumped recently. Here’s four charts to illustrate that.
Small-capitalization stocks have been battered this year by worries of a recession and “higher-for-longer” interest rates. Some of those concerns have receded lately, boosting the S&P SmallCap 600.