How will US market perform leading up to elections? Charu Chanana answers

​At the same time of course we have had a better CPI print last week and there has been a confirmation rather for the market that the Fed remains very close to rate cuts, so markets again pricing in a rate cut in September from the Fed and that is obviously kind of fuelling a little bit of a rally in those smallcap stocks that are certainly laden with debt and a lot more yield sensitive than the big tech as well.