Reported about 1 month ago
Jack Manley, a Global Market Strategist from J.P. Morgan Asset Management, discusses how rates play a crucial role in market dynamics, particularly in the face of rising indexes and stretched valuations. He notes that while markets expected cooling interest rates, the economy has shown resilience, affecting sectors like tech, especially for companies pursuing long-term speculative investments. Recent outperformance in the tech sector is primarily observed among a few key stocks, dubbed the 'Magnificent Seven.'
Source: YAHOO