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Analyst: Demand Rising in US Stock Market, Story No Longer Just About Tech Stocks

Summary: According to a report by Shengbao Bank analyst Charu Chanana, demand for US stocks is increasing as concerns over geopolitical and trade tensions ease. Chanana stated that the likelihood of the Federal Reserve cutting interest rates in the coming months is growing, driving the market higher. The performance of many industries is outpacing the overall ...

According to a report by Shengbao Bank analyst Charu Chanana, demand for US stocks is increasing as concerns over geopolitical and trade tensions ease. Chanana stated that the likelihood of the Federal Reserve cutting interest rates in the coming months is growing, driving the market higher. The performance of many industries is outpacing the overall market, indicating that this is no longer just a tech stock story. The S&P 500 index has already risen over 4% in June.

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