Steve Sosnick

Steve Sosnick, Chief Market Strategist, shares insights on recent Fed discussions and how they impact market dynamics. He explains the shift in rate-cut odds following John Williams' comments and analyzes the implications of tech giants' AI spending. Sosnick questions the productivity of massive AI investments despite strong cash flows, and identifies chipmakers like NVIDIA as key beneficiaries. He also discusses potential dissent within the FOMC and what that could mean for December trading, highlighting critical factors investors should watch.