Closing Bell: The Fed & Recession Probability 8/22/24

The discussion kicks off with insights into stock performance ahead of a key Fed chair speech. Inflation and interest rates take center stage, examining how they affect market dynamics. Tech stocks face volatility, with major firms like Snowflake and Intel in focus. A contrast emerges between smaller stocks struggling and mega-cap tech thriving, thanks to AI. The resilience of sectors like retail is explored, including a spotlight on Wal-Mart and Peloton's strategic shift. Tesla's challenges against Ford highlight broader market trends.