This was a hot and promising sector for 2024. That’s over for now, says this strategist.

This was a hot and promising sector for 2024. That’s over for now, says this strategist.

Much chatter has been devoted to what’s needed for the U.S. stock market rally to continue this year. A big one on the to-do list? Seeing gains spreading beyond the “Magnificent Seven” tech stocks, which themselves have not been moving in tandem.

Simply, the other 493 stocks in the S&P 500 index, as my Missouri-born parents were fond of saying, when someone or something was moving too slowly: “Get a horse!” Some stocks seem to be waking up — for example the S&P 500’s healthcare sector XX:SP500.35 is up nearly 7% so far…

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