A 75-year-old who retired early from a career in radio told Business Insider why he turned to day trading and meme stocks to pass the time.

Builders FirstSource and other home building stocks jump as Federal Reserve Chairman Jerome Powell signals interest-rate cuts could be coming.

The iShares U.S. Home Construction ETF was rallying 5.1% toward an eight-month high in recent trading, with all 46 of its equity components gaining ground. The ETF has now soared 26% amid a three-month winning streak.

Since March 2021, on a total return basis, small cap stocks have underperformed large cap stocks by almost 60%, according to Bloomberg.

The Nasdaq composite has fallen around 2% over the past two days.

Technology stocks were pushing sharply higher on Friday after Federal Reserve Chair Jerome Powell said the time may be coming for rate cuts to resume. Tesla Inc. shares were up about 4.5%, leading the so-called Magnificent Seven stocks higher,

Chinese equities are surging. The Shanghai Composite Index — dominated by retail investors — is up about 13% this year.

Economic indicators show growth is bottoming, inflation is sticky, and recent policies set the stage for cyclical opportunities to thrive. I see a perfect setup for select stocks.