Charles Schwab's Nate Peterson takes a look back at last week's price action to explain the moves we're seeing this week. He attributes the weakness to a hawkish interest rate cut from the Fed, a change in A.I. spending perspective seen in Meta Platforms (META), and selling reaction to Palantir's (PLTR) "stellar" earnings indicating a change in psyche for markets. Nate adds that the massive run higher in A.I. stocks only add to upside pressure.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – https://twitter.com/schwabnetwork

Follow us on Facebook – https://www.facebook.com/schwabnetwork

Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

Analyzing Market's Change of Psyche in FOMC & A.I. Stocks