Large-cap growth stocks have staged an eye-catching comeback from their late-March lows, with investors rotating back into perennial favorites on the assumption that recovery from war-time economic strain will follow a similar path to the rebound seen during peak tariff-policy uncertainty. No, the rally is driven mainly by the largest stocks, while the average growth stock remains negative. Sustained weak breadth is consistent with prior bear markets in growth stocks and may indicate fragility. Value stocks show broad participation and healthier gains, unlike the concentrated growth rally.
HB Wealth's Adams warns: Only the biggest growth stocks are actually recovering (SPY:NYSEARCA)
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