According to ChainCatcher, citing Golden Ten Data, strategists at Goldman Sachs stated that as the economic outlook remains strong, laggards including small-cap stocks are beginning to catch up, and the record-breaking rally in the U.S. stock market is likely to broaden. The Goldman Sachs team believes that the Federal Reserve's expected rate cuts and a rebound in corporate earnings increase the likelihood of the rally spreading to areas such as small-cap stocks. Kostin pointed out that the breadth of the market rally is limited, indicating that there is still room for a "catch-up" rally in underperforming market sectors.
