XLK Oct 2025 205.000 put
- Yahoo Finance Video
Is tech still the top dog? Strategist talks investor trends
AI has been a significant driver for markets (^DJI, ^IXIC, ^GSPC) this week coming off of Apple's (AAPL) "Apple Intelligence" showcase at its Worldwide Developers Conference (WWDC). The major market averages have calmed Friday morning, all opening the session lower as the Dow Jones Industrial Average even falls by over 300 points. Charles Schwab Head Trading & Derivatives Strategist Joe Mazzola breaks down the sectors where is starting to see more investor interest and pullbacks in. "Even though there was a slight uptick in the net buys over sells [in May], there was a bit of a churn underneath the surface when it came to the dollar amount," Mazzola says. "So, you know, when I see something like that, you know, that kind of stands out a little bit. It basically says that there were more net buy buyers and sellers, but some of the larger accounts started to maybe trim some of those positions" such as the headlining Magnificent Seven tech stocks. Mazzola also comments on when he believes the Federal Reserve could begin to cut interest rates this year ahead of the 2024 presidential election. In its forecast for the second half of 2024, JPMorgan Asset Management predicts the stock market rally to broaden out from the tech sector, namely the players in the Magnificent Seven. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
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Tech sector has become 'more of a horizontal than a vertical'
The Federal Reserve left interest rates steady coming out of its June FOMC meeting on Wednesday, now projecting one rate cut by the end of the year as inflation continues to cool. Head of Citizens JMP Securities Mark Lehmann joins Market Domination Overtime to discuss the move and the current state of the market (^DJI, ^IXIC, ^GSPC). Lehmann is overweight on tech, explaining that "tech has become much more of a horizontal than a vertical. And the people taking advantage of that and the multiple expansion we're seeing that obviously in semiconductors and other places is alive and well." He explains that as AI begins to seep into all sorts of sectors, companies will see rising multiples and profitability. As Wall Street awaits a rate cut, Lehmann explains, "the Fed's got a really hard job to do, and I always say hindsight's 20/10. It's a lot better than 20/20. So we're going to talk about this six months from now and say 'I told you so' either way." He adds, "I just don't expect them to not really think long and hard about the right timing for those cuts and the right number of those cuts, because the last thing you want to do is go too quickly. That being said, I think the market corrects much more quickly on its own, and we've seen that kind of higher for longer beget comfort within the investor public." 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
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Why these 'left-behinds' are the best AI plays: Strategist
As the hype surrounding artificial intelligence continues to captivate markets, investors may seek opportunities beyond the large-cap names that have dominated the spotlight. JPMorgan Asset Management Global Market Strategist Hugh Gimber joins Catalysts to highlight lesser-known AI plays. Gimber acknowledges AI's continued strength but emphasizes that "there is no AI revolution to be had without the infrastructure to support it." He points to the often overlooked "left-behinds" fueling the AI movement as promising investment opportunities. These include data centers, clean power generation, and raw materials, making sectors such as industrials, utilities, and Asian markets well positioned for investors seeking exposure to AI plays. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
