Why the Next Leg of the Bull Market Depends on More Than Big Tech

Could the next leg of the bull market be driven by the other 493 stocks in the S&P500?

CresAlta Investment Management CIO, Josh Stevens, joined Marley Kayden on Schwab Network’s Trading 360 to discuss what investors should be watching as attention shifts from the hyperscalers and AI trade toward the broader economy.

Josh highlighted several factors that could shape markets in the months ahead:

• Whether economic and labor-market data continue to support expansion
• How stronger growth could affect the Federal Reserve’s next move
• The implications of long-term Treasury yields approaching 5%
• Where earnings momentum may be developing beyond the largest technology companies

CresAlta’s active, business-cycle-oriented investment strategy seeks to identify companies whose earnings could benefit from changes in the economic environment. Looking ahead, the firm believes opportunities could broaden across industrials, consumer discretionary companies, small- and mid-cap stocks and global markets tied more closely to the traditional economy.

Thanks to Marley Kaden & Schwab Network for having Josh on the program.

Watch the full segment: https://schwabnetwork.com/video/why-the-next-leg-of-the-bull-market-depends-on-more-than-big-tech