Townsquare Media has completed a successful transformation but remains undervalued

As summer draws to a close, the predominant trends in recent weeks are giving way to new challenges and opportunities.

The U.S. Federal Reserve will lower interest rates by 25 basis points at its next meeting in September. Or that, at least, is the consensus of the markets. According to the FedWatch tool from CMEGroup, the likelihood that the Fed will reduce the official range from 4.25-4.50% to 4.00-4.25% is around 90%.

Looking ahead to the second half of the year, and focusing on equities, which regions and sectors have shown the greatest strength?