Core Viewpoint - The recent rally in the U.S. stock market is broadening beyond just the technology giants, with more sectors and companies participating in the upward trend [1][3][4]. Group 1: Market Performance - The Invesco S&P 500 Equal Weight ETF rose by 2.7% in August, marking its longest consecutive monthly gain since May 2021, achieving four months of increases [1][5]. - The S&P 500 index increased by 1.9% in August, also achieving its longest consecutive monthly gain since September 2024 [7]. - The Roundhill MAGS ETF, which bundles the "Magnificent Seven" tech stocks, rose approximately 2% in August, achieving five consecutive months of gains, although at a slower pace [5]. Group 2: Economic Indicators - The U.S. economy shows resilience, with the Bureau of Economic Analysis reporting a second-quarter GDP annualized growth rate of 3.3%, exceeding many expectations [7]. - The strong employment market is identified as a core support for the overall economic resilience [7]. Group 3: Market Sentiment - Charles Schwab's Chief Investment Strategist, Liz Ann Sonders, noted that the participation rate among S&P 500 constituents is steadily increasing, indicating a less concentrated market rally [4]. - Northlight Asset Management's Chief Investment Officer, Chris Zaccarelli, expressed that despite September typically being a poor-performing month, there are no significant risks currently threatening the ongoing rally, suggesting potential buying opportunities if market volatility occurs [8].