Reported 7 months ago
Charles Schwab's Head Trading & Derivatives Strategist, Joe Mazzola, analyzes current market trends, noting a slight uptick in net buys over sells in May but with larger accounts starting to trim positions, particularly in tech stocks like the Magnificent Seven. Mazzola also discusses the potential timing of Federal Reserve interest rate cuts ahead of the 2024 presidential election, with JPMorgan Asset Management forecasting a broader stock market rally away from tech. The article highlights sectors showing increased investor interest and pullbacks, indicating a potential shift in market sentiment moving forward.
Source: YAHOO