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If you were to ask investors what’s been leading the broader market higher over the last couple of years, you’d probably get a variety of answers, including growth stocks and companies that are monetizing artificial intelligence (AI).
While those themes have certainly contributed to the rally, the more complete answer is large-cap stocks.
Even amid last week’s growth stock sell-off, there were plenty of pockets of the market that performed well. And it may surprise you to learn that sectors like industrials and energy, led by income and value stocks, are hovering around all-time highs.