AI, tech upgrade cycle are behind new market highs: Strategist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 65 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

John Stoltzfus أخبار

Market Gains

The tech sector has been driving major market gains, pushing the S&P 500 (^GSPC) and Nasdaq (^IXIC) to record highs this week. Oppenheimer chief investment...

) to record highs this week. Oppenheimer chief investment strategist John Stoltzfus joins Morning Brief to analyze the rally and its momentum.

Uh I have to say when you look at this, what it really reminds everybody is we're all on the upgrade cycle because technology is deeply embedded in the lives of both business and consumers.If uh people who have apps for airlines, newspapers, magazines have recently gotten notice on older phones when they try to upgrade, sorry, your operating system needs to be upgraded and you find out your old phone or your old computer can't take it.

How, how much more legs do you think there is to this trade, especially within generative A is we've seen companies who have talked about it on earnings calls or announced some type of product or software update.Well, we'd have to say Brad, you know, the old adage of trees don't grow to the sky.But right now, it doesn't appear that the technology in this A I story is approaching uh uh uh a level where it's going to solve.

That said, uh any catalyst that the Bears can find to uh uh to sell and take profits without FOMO, uh they'll do it.If you think of that company you were just talking about, that's now the largest uh in market capitalization uh uh on the S and P 500. So John given that you have your year end target for the S and P is 5500 and here we are today just above 5400.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Economic data setting up market for 'great scenario': YardeniAfter reaching all-time record highs last week, market indexes are in a tug-of-war to stay above these benchmarks; the S&P 500 (^GSPC) is holding above 5,300...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

S&P 500, Nasdaq touch record highs on cooling inflation data, Cisco earnings on tap: Yahoo FinanceBoth the S&P 500 (^GSPC) and the Nasdaq (^IXIC) hit new intraday highs after the April Consumer Price Index report showed further signs that inflation is...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »