One of investors' biggest concerns about the US stock market is dissipating!

The sustainability of the rebound in the US stock market in 2024 has been a lingering concern for investors, but this major worry is now diminishing. The S&P 500 Index has hit more than 30 new highs so far this year, and this wave of gains is finally starting to broaden to a wider range of stocks. The impressive surge in small-cap stocks stands out, while large-cap stocks have largely missed out on these gains over the past week. According to UBS, as long as inflation remains stable, the Fed starts cutting rates, the economy continues to grow, and profit growth expands to small companies, the breadth of the rebound in the US stock market should continue to expand. Future earnings for small-cap stocks are expected to improve significantly, which will alleviate some investors' bear market concerns