The chapter delves into the market performance with S&P 500 down, Dow up, and NASDAQ 100 facing a decline, discussing selling pressure in the semiconductor sector, and the shift towards small caps as a sign of confidence in the US economy. The speakers evaluate the impact of rate cuts and analyze economic indicators like initial jobless claims, unemployment rate, and the potential effects of a recession or non-recession on the US equity market. They express optimism about the economy, advise on viewing rate cuts positively, and caution against mixing politics with investment decisions during the election season.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News US Semiconductor Reporter Ian King and Bloomberg News Senior Editor for Technology & Strategic Industries Michael Shepard discuss the Biden administration, facing pushback to its chip crackdown on China, telling allies that it’s considering using the most severe trade restrictions available if companies such as ASML continue giving the country access to advanced semiconductor technology. Michael Sansoterra, CIO Silvant Capital, talks about investing in growth stocks. Bloomberg Businessweek Editor Brad Stone shares the details of the Businessweek Magazine cover story Trump on What He’d Do With Taxes, Tariffs, the Fed and More. Thomas Carroll, CEO at Ballast Rock Asset Management, explains how lower interest rates could impact residential real estate investing. And we Drive to the Close with Callie Cox, Chief Market Strategist at Ritholtz Wealth Management. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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