Go offline with the Player FM app!
S&P 500 Hits New High, AI Boosts Tech and Beyond
Manage episode 509665689 series 3645668
A solid start to the 4th quarter saw the S&P 500 notching a record close, shrugging off government shutdown jitters and a weak ADP jobs report. Tim Anderson attributes the resilience to market fatigue with shutdown threats and expectations of another Fed rate cut in October. Anderson believes the AI revolution is in its early innings, driving tech stocks like Apple (AAPL), Nvidia (NVDA), and Tesla (TSLA) higher, while also benefiting healthcare and utility names. Despite weakness in consumer-driven stocks, Anderson sees a strong earnings season ahead, with a focus on guidance from banks on consumer exposure and capex spending.
======== 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
7863 episodes
Manage episode 509665689 series 3645668
A solid start to the 4th quarter saw the S&P 500 notching a record close, shrugging off government shutdown jitters and a weak ADP jobs report. Tim Anderson attributes the resilience to market fatigue with shutdown threats and expectations of another Fed rate cut in October. Anderson believes the AI revolution is in its early innings, driving tech stocks like Apple (AAPL), Nvidia (NVDA), and Tesla (TSLA) higher, while also benefiting healthcare and utility names. Despite weakness in consumer-driven stocks, Anderson sees a strong earnings season ahead, with a focus on guidance from banks on consumer exposure and capex spending.
======== 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
7863 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.