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Intel Sinking, Apple and Amazon Under Pressure, and the Monthly Jobs Report 8/2/24
Aug 2, 2024
Matt Bryson from Wedbush shares insights on the significant pressure facing global markets, particularly due to Intel's disappointing earnings. James Cakmak from Clockwise Capital analyzes the struggles of tech giants like Amazon and Apple, linking their performance to broader economic concerns. Steve Odland from the Conference Board discusses the implications of an upcoming jobs report amidst mixed economic signals. The conversation dives into investment strategies that could thrive despite the current volatility.
42:33
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Quick takeaways
- Global equity markets, pressured by weak earnings from Intel and Amazon, reflect heightened investor anxiety about potential economic stagnation.
- Despite a slowing economy, the labor market shows strong job growth expectations, indicating cautious optimism among CEOs about ongoing job demand.
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