Federal Reserve Chair Jerome Powell spoke at the ECB Forum on Central Banking in Portugal on Tuesday. Despite acknowledging a disinflationary trend, he reiterated that the Fed will require more evidence before making interest rate cuts.

NewEdge Wealth chief investment officer Cameron Dawson joins Catalysts to give insight into Powell's comments, where the market stands, and what investors need to keep in mind moving forward.

"Growth has outperformed value by 16% this year. We think you can explain a lot of that outperformance because of earnings revisions. Earnings for the growth index are up 11% over the last year, whereas for value they're down 4 percent. And it's good to remember that in a rising EPS revision environment, you tend to see more multiple expansion, which has allowed growth stocks to now trade at an 80% premium to value, which is back to the highs it got to back in 2021," Dawson tells Yahoo Finance.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino