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BTIG: Significant divergences still remain heading into 2H

July 1, 2024 8:14 AM EDT

BTIG analysts warn that "significant divergences still remain heading into 2H" in a recent note.

The investment firm highlights the underperformance of small-cap stocks and lingering questions about interest rates.

The "breadth expansion" of late 2023, characterized by strong performance across sectors, failed to materialize despite easing inflation and lower interest rates, they... More