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The current market rotation into small-cap stocks shouldn't come at the expense of the broader equity rally, according to Mark Luschini, chief investment strategist at Janney Montgomery Scott . In fact, Luschini's call for the S & P 500 is that the index could rise to the 6,000 level in the next 12 months. While some investors have called into question the longevity of the current rotation into small-cap names, Luschini believes that the trend's legitimacy has been proven thus far. But at this point, the lagging sectors have built on the gains they have established in the last several weeks to push the market higher. That said, the strategist emphasized the importance of the technology sector in carrying the S & P 500 to his 6,000 target next year.
Persons: Mark Luschini, Janney Montgomery Scott, Luschini, we've, There's Organizations: CNBC, Luschini Locations: U.S
Up until his death in 2020, Jack “Murf the Surf” Murphy remained most famous for the 1964 burglary of the American Museum of Natural History in New York, which netted its perpetrators a bagful of precious gems, including the 563-carat Star of India sapphire. It was the kind of story people like to tell. And retell. “I’d kept reading story after story about Murf where there’d be 15 paragraphs about this heist,” says journalist Nate Scott . “And in the 16th paragraph it would be like ‘Oh, and then he was convicted for murder.’”The prominence of the burglary on Murphy’s résumé wasn’t entirely an accident, not according to “Murf the Surf,” the four-part documentary series directed by R.J. Cutler (“A Perfect Candidate”) and available on MGM+ (formerly EPIX).
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