Markets are set to have "better than average" returns this year, after stocks posted their worst year in 2022 since the financial crisis, according to one analyst. David Katz, chief investment officer at Matrix Asset Advisors, told CNBC's "Street Signs Asia" that the strong start to the year "gives us a little bit more comfort in that happening." "We do think stocks have pretty good upside from here," he said. He said he expects the U.S.
One of them is Alphabet , which has been locked in a battle with Microsoft for leadership in the artificial intelligence market since the launch of AI bot ChatGPT, which is backed by the latter. It has sparked investor enthusiasm for AI stocks, and prompted Alphabet to launch its own rival ChatGPT. But Katz said he doesn't think Microsoft will "derail" Alphabet.
Baaahahhaahahahaaa here comes the rug pull in a couple months after dumb money sees a couple months of green.