Charles Schwab chief investment strategist Liz Ann Sonders joins Market Domination Overtime to discuss Tuesday's market movement (^DJI, ^IXIC, ^GSPC) ahead...
Sonders calls Nvidia the"poster child" for AI, and explains that the recent pullback in the technology sector is largely due to investors looking for revenue generation from capital expenditures spending. She believes that this issue will not be resolved after Nvidia reports earnings, yet after the earnings call, investors"might start to fill in some of the blanks given what Nvidia is going to say, especially as it relates to their outlook.
How are you factoring that in just how much of this excitement has already been priced at this point?Yeah, so I think we're at an interesting point as it relates to prospective fed policy. And I think an assumption about the FED and by the way, it's a counterfactual, you know, we can play armchair quarterback all we want and it would have been better had the FED moved in July.But the inflation data, even at this point doesn't yet suggest the need for the fed to move aggressively to have moved in July, which at the time would have been going against what in essence, they had been telegraphing.
And Powell did mention at Jackson Hole that the weakness that we have seen in the labor market is pretty much all they want to see and they want to prevent further weakness.
Nvidia Charles Schwab Interest Rate Federal Reserve Market Movement
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Small-cap stocks benefiting from Fed rate-cut bets: strategistU.S. stocks with small market capitalizations have been driven higher this month thanks to optimism that the U.S. Federal Reserve is nearing an interest rate cut, according to one strategist.
Read more »
Watch jobs data, especially revisions, for Fed cut: StrategistWall Street faces a busy week with Big Tech earnings and a jobs report on the horizon. George Catrambone, DWS Group head of fixed income and head of trading,...
Read more »
Strategist's data to watch to figure out if the Fed will cutThe FOMC is set for their 2-day meeting on Tuesday, with most on Wall Street believing that it will not result in an interest rate cut, pricing in the first ...
Read more »
Cuts are certain, but Fed will remain 'quite cautious': StrategistThe Federal Reserve will conclude its two-day policy meeting on July 31 with a potential decision on interest rate cuts. While most on Wall Street believe...
Read more »
Fed is 'way late' to cutting rates: StrategistAs the Federal Reserve prepares to announce its decision on interest rates, investors are hopeful for a rate cut. Michael Green, Simplify chief asset...
Read more »
Strategist's one 'great thing' about the Fed waiting to cutThe Federal Reserve announced on Wednesday that they are holding interest rates steady, with Fed Chair Jerome Powell suggesting that a rate cut could 'be on ...
Read more »