Published on 25 Jul 2023 on Market Watch
During the first five months of 2023, there were investors who had difficulty believing in a sustained stock-market rally because the action was dominated by the largest technology companies. But the breadth of participation in the rally has expanded since then.
Some investors and traders look to jump on momentum trends. In the current bull market, this might mean buying shares of technology companies trading at high valuations to expected earnings. But you don’t need to confine a momentum approach to growth stocks.