) briefly crossed 40,000 for the first time in its history, echoing the significant gains in the broader market. While some signs point toIDX Advisors Chief Investment Officer Ben McMillan joins Market Domination to discuss the Dow's new record and why he believes investors will need to move with"cautious optimism."
We're seeing a broadening, we're seeing more breadth, uh, as opposed to just seven stocks carrying the industries higher. Well, you know, one thing I think was interesting when you, you know, you like again, we started at the beginning of the year with kind of, you know, 6 to 7 rate cuts priced and obviously, you know, interest rates move everything.
And so I think that's the tail risk in this market is that, you know, the, the assumptions going into these equity valuations are still potentially a little bit too rosy. And you talked about utilities, really seeing an uptick in B we've seen that group really start to pick up some steam here underlying that is this demand for more electricity, more power in part because of data centers, you're looking at uranium specifically here because of the nuclear play.And that is a big trend that we're starting to see unfold and you're seeing that in commodities prices.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »