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- Yahoo Finance
US federal budget crosses grim milestone as interest payments overtake defense spending
Interest payments on the national debt are set to eclipse defense spending this year for the first time ever.
- Yahoo Finance Video
Fed rate cut speculation is a 'parlor game': Schwab's Sonders
As Nvidia prepares to report its first quarter earnings this week, Charles Schwab Chief Investment Strategist Liz Ann Sonders joins Morning Brief to discuss how the bullish AI sentiment is driving the broader market (^DJI,^GSPC, ^IXIC). Sonders calls Nvidia a "poster child for the AI boom," adding that it is the best performer within the "Magnificent Seven." "I think it's important we know the bar is set high, so I think an extrapolation problem could develop, but whether that starts tomorrow is hard to say," Sonders warns. She says there has been "much more dispersion" within the Magnificent Seven. However, she still expects a larger-cap bias to exist within the market. With the Dow Jones and Nasdaq recently hitting record highs, Sonders points to three sectors that are outperforming ratings: financials, materials, and energy. On the other hand, she says that real estate and consumer discretionary are underperforming while everything else is neutral. As all eyes are on the Federal Reserve's next interest rate move, Sonders calls the speculation of a rate cut a "parlor game." "Data dependency means that it's going to depend on the data. I think 'patience' is the word of the day," she says. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
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Nvidia impact on markets, Grayscale CEO resigns: Asking for a Trend
On today's episode of Asking For A Trend, host Julie Hyman covers a diverse range of topics spanning market dynamics to succession plans. As anticipation builds around Nvidia's (NVDA) highly anticipated earnings release, stocks (^DJI, ^IXIC, ^GSPC ) are in the spotlight, with investors eagerly awaiting the potential market-moving implications. Joining the show is Ivana Deleveska, Founder and CIO of Spear Invest, who provides her insights into Nvidia's earnings outlook and the potential ripple effects on the broader markets. Additionally, Sarge986 LLC President Stephen "Sarge" Guilfoyle, brings his expertise to the table, unveiling two dominant macro trends that he believes will influence stock movements moving forward. As the episode draws to a close, Asking For A Trend shifts its focus to corporate leadership, delving into the succession plans of Grayscale's CEO, Michael Sonnenshein, who recently announced his intention to step down. This post was written by Angel Smith
