Closing Bell
Closing Bell: What's Next for the AI Trade 6/20/24
Jun 20, 2024
Financial journalists and experts Scott Wapner, Jon Fortt, Morgan Brennan, and Michael Santoli discuss market speculation, AI trade sector investments, stock market trends, potential Fed rate cuts, stock performance, tech holdings in portfolios, and client behavior in chasing market momentum.
43:11
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Quick takeaways
- Electricity drives innovation and market shifts, highlighted by the introduction of the Spyder S&P 500 ETF.
- Tech stock exposure in model portfolios necessitates careful evaluation of growth opportunities and risks.
Deep dives
Electricity's Evolution in Innovation
Electricity has been pivotal in inspiring innovation, from lighting up the light bulb to transforming modern lifestyles. 30 years ago, State Street introduced the Spyder S&P 500 ETF, sparking a shift in investment strategies globally. Investors are urged to assess the risks and objectives of investments before engaging in Spy and other funds.
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