The U.S. stock market, represented by the index of the 500 largest companies by market capitalization, jumped to new all-time highs at the start of the week, as investors eagerly await Fed Chair Jerome Powell’s interview at 12:30 p.m. ET at the Economic Club of New York. After the assassination attempt during Donald Trump’s rally in Butler, Pennsylvania, last Saturday, market-prediction odds indicate a 72% chance of the tycoon winning the 2024 elections. This appears to maintain a high-risk appetite among investors, although there is still a noticeable preference for small caps over large caps, and cyclical sectors over defensive ones. Following the best weekly performance since October 2023, small caps continue to rally on Monday, with the Russell 2000 Index, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), rising over 2%, on track to notch its ...