Stephanie Link says the rally is broadening: the equal-weight S&P 500 is now ahead of the S&P 500 year to date, while the Russell 2000 ETF IWM is leading gains.

Stephanie Link says the rally is broadening: the equal-weight S&P 500 is now ahead of the S&P 500 year to date, while the Russell 2000 ETF IWM is leading gains. She says inflation still has further to cool, though productivity, labor costs and ISM data have improved.