The Fate of the Rally 10/16/24

Joe Terranova, Kerry Firestone, Jenny Harrington, and Stephen Weiss, all members of the Investment Committee, delve into the complexities of the current stock market. They debate if bullish sentiment is justified as stocks approach record highs. Key topics include the impact of earnings recovery, the significance of tech performances, and emerging trends in AI and cloud infrastructure. The group also discusses strategic portfolio shifts, including a sell on ASML and adjustments to Netflix, amidst global economic updates and imminent corporate buybacks.