Rising momentum spreads to small-cap stocks, will US stocks break the "September curse"?
According to the Wise Finance APP, besides the large-cap stocks, investors' confidence in small-cap stocks is also continuously increasing, providing crucial support for the US stock market before the typically weaker months arrive. Data shows that over 64% of the stocks in the Russell 3000 index are trading above their 200-day moving average, the highest level since December last year. Data collected by Oppenheimer's technical strategists shows that when this indicator falls below 60%, the market often reaches a peak.
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