Bull Market Expands as Focus Shifts to Smaller Stocks

Yardeni Research indicates a broadening bull market with increased momentum in small and mid-cap stocks. According to NS3.AI, the ratio of S&P 100 to S&P 500 suggests that the concentration in tech-heavy markets may have reached its peak, reducing the likelihood of a bubble burst. However, there is still caution as the move away from major tech companies, known as the 'Magnificent 7,' might be a temporary trend.