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  • Yahoo Finance Video

    Market: Why investors should be optimistic about the economy

    The major indexes (^DJI,^GSPC, ^IXIC) closed Wednesday's session in the green after facing some pressure in the trading week. Fundstrat Global Advisors Managing Director & Global Head of Technical Strategy Mark Newton joins Market Domination Overtime to discuss major market trends forming around the tech-heavy S&P 500 and the Federal Reserve's interest rate narrative. Newton believes there are "a lot of reasons to be constructive about the market," going on to explain: "We're heading into a very bullish time of seasonality in election years. July tends to be very, very good, similar to June. I think a lot of investors remain worried about geopolitical risk, about political risk and the fear of growth slowdowns. But the bottom line is, technically, we have over 70% of all Russell 3000 (^RUA) stocks above their 200-day moving averages. That's actually a much healthier sign." He also anticipates rates will fall along with the dollar: "I do sense that the data is going to continue to get weaker along the fringes. Inflation should start to fall like a rock. So despite the fact that gas (RB=F) and food prices are high for everybody, you have been seeing some evidence of broad-based inflation starting to come down. And I think that's going to be encouraging, not because a weak economy means stocks are good, more that the Fed's rate cut view will come back into line. And we'll have a little bit more clarity as to when they start cutting rates." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl

  • Yahoo Finance Video

    Nvidia shareholder meeting, Micron, Fed test: Key Events

    Wednesday is another busy day for markets as investors eye this trifecta of events: Micron Technology (MU) is set to report its fiscal third-quarter earnings after the market close; fellow chip giant Nvidia (NVDA) kicks off its annual shareholder meeting at 12 p.m. ET; lastly, the results of the Federal Reserve's bank "stress test" will be released at 4:30 p.m. ET. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

  • Yahoo Finance Video

    Is now the time to rotate large caps out of your portfolio?

    Nvidia (NVDA) is rebounding after dipping in Monday's trading session. Northwestern Mutual Wealth Management chief portfolio manager Matt Stucky joins Morning Brief to discuss how investors should navigate the current market and whether investing in large-cap stocks like Nvidia is still worth it. "Our caution toward US large caps is a function of a little bit of caution toward the economy here. We still are in the camp that the end destination for what's been the fastest hiking cycle from the Federal Reserve in more than 40 years is ultimately some form of a mild recession. And when we're looking at different asset classes on the equity side of our portfolios, US large cap expectations, or what's built into the price, don't give us a lot of compensation for that thesis on the macro side of things," Stucky explains. He notes that in light of this economic environment, US small caps are a good buying opportunity "given that they're a little bit more economically sensitive." He adds, "US small caps trade at eight times trailing cash flow. That is a recession-level valuation that you just don't see anywhere else across the equity investing side of things today." As a recession is likely to be mild, Stucky believes that small caps will "respond positively" to the Federal Reserve's rate cuts. As the AI race continues to fuel the growth of large-cap stocks, Stucky asks, "Is the return on investment of all of this AI infrastructure going to keep demand levels in the future to support the stock?" He is cautious about Nvidia and other large-cap AI names, explaining his doubts about whether their valuations are ultimately sustainable. 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