Closing Bell Closing Bell: The Road Ahead for the Rally 7/2/25
Jul 2, 2025
Stephanie Link, a CNBC contributor and advisor at Hightower, along with Invesco's strategist Brian Levitt, dive into the current stock rally. They discuss key sector performances, including the rise of tech giants like Apple and NVIDIA. The conversation highlights the implications of job claims, inflation, and Fed interest rates on future market trends. The duo also examines the impact of AI on job dynamics and the evolving tech landscape. Insightful predictions for small-cap stocks and investment strategies round out this engaging discussion.
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Rally Needs A Breather
- The current stock rally shows signs of being driven by short covering and could use a breather.
- Labor market weakening and Fed hesitancy to cut rates suggest caution despite strong gains.
Copper Signals Earnings Boost
- Copper's 25% YTD rise signals stronger global economic growth and robust data center demand.
- This growth suggests earnings will surprise to the upside, supporting broader market strength.
Watch Jobless Claims Closely
- Monitor jobless claims stability as a key indicator for market health.
- Stable claims and contained inflation expectations increase chances for future rate cuts.
