Tech Stock Dominance to Fade by 2024, Potentially Broadening Market Rally
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S&P 500 has surged due to increases in a few massive tech stocks like Nvidia, Meta, and Microsoft
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These stocks have dominated earnings growth projections, justifying their stock performance
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But their dominance is projected to reverse by Q4 2024, with other S&P stocks growing earnings more
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This could catalyze a broadening of the stock market rally beyond mega-cap tech
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Fed's interest rate path also key - certainty around rate cuts could precede market broadening