Closing Bell Closing Bell: What Has Been Priced In? 7/28/25
Jul 28, 2025
Dan Greenhaus, Chief Strategist at Solus Alternative Asset Management, shares insights on market dynamics influenced by tech earnings and Fed policies. Bill Miller IV from Miller Value Partners explores crypto strategies, highlighting Bitcoin's rise amid shifting legislative landscapes. The conversation dives into U.S. consumer spending resilience, implications of tariffs and inflation on investments, and the evolving role of AI in driving market growth. They also analyze the impact of significant market moves, showcasing Nike and the semiconductor industry's trends.
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Market Moves Past Tariff Fears
- The market has moved past tariff fears to focus on earnings and economic data. - Investors expect tariffs to settle around 10-15%, which the market can absorb without panic.
AI Theme Driving Earnings Focus
- The AI theme powers strong earnings and remains a key secular growth driver. - Yet investors must be selective due to risks of concentration and disruption among AI leaders.
Market Breadth Strengthens
- Market breadth is improving with more stocks hitting new highs beyond just AI leaders. - Despite strong gains, analyst targets generally remain below current S&P 500 levels, signaling cautious positioning yet to fully chase prices.