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NASDAQ Composite (^IXIC)
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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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Interest rate cuts have a complicated history with the stock market: Morning Brief
Lower interest rates, in theory, are good for stocks. But history says rate cuts from the Fed this year might not warrant an enthusiastic response.
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Nasdaq closes at record high, Palo Alto stock falls: Market Domination Overtime
On today's episode of Market Domination Overtime, anchors Jared Blikre and Julie Hyman delve into a range of market-moving topics, including market outlooks, Qualcomm's AI investments, Palo Alto's earnings, and more. Stocks (^IXIC, ^GSPC, ^DJI) take center stage with the Nasdaq closing at a record high. Baird Investment Strategy Analyst Ross Mayfield joins the show to provide his perspective on why he believes markets are currently "in waiting mode." Palo Alto Networks (PANW) delivered a narrowed guidance for the full year, despite beating revenue estimates in the third quarter. Deep Instinct CEO and former Palo Alto CEO Lane Bess joins the discussion to share his insights on why he believes Palo Alto "should be feeling pretty good about these numbers overall." Qualcomm (QCOM) has secured a deal to equip Microsoft's (MSFT) upcoming Windows PCs with its cutting-edge AI chips. Qualcomm's COO and CFO Akash Palkhiwala makes an appearance to discuss the company's latest AI initiatives. This post was written by Angel Smith
