Send us a text

US markets are soaring to new heights, with the S&P 500 (INDEXSP:.INX), Nasdaq (INDEXNASDAQ:.IXIC), and Dow Jones Industrial Average (INDEXDJX:.DJI) all setting new all-time and intraday records!

This episode dives into the powerful forces driving the rally, chiefly the performance of mega-cap technology stocks involved with AI. We explore how the market reacted to news like Microsoft (NASDAQ:MSFT) securing a 27% ownership stake in OpenAI.

Positive momentum was further supported by the start of the Federal Reserve's two-day policy meeting, where expectations remain high for another quarter-percentage point interest rate cut.

In corporate news, we cover significant stock moves following earnings reports: UPS (NYSE:UPS) jumped after beating expectations and announcing deeper job cuts, and Wayfair (NYSE:W) surged on better-than-expected revenue and earnings. We also detail the acquisition announcement between Skyworks Solutions (NASDAQ:SWKS) and its rival Qorvo (NASDAQ:QRVO).

Finally, we provide essential perspective: despite the euphoria, some analysts are urging a "gut check," citing a potential disconnect between the surging tech sector and the broader economy. We also look at commodities, noting the decline in oil and gold prices, with gold falling below $4,000 an ounce as safe-haven demand eased amid progress in U.S.-China trade talks.

Disclaimer: This podcast by kavout.com is for informational and educational purposes only and does not constitute investment advice. All opinions are those of the hosts and guests. Please consult a qualified financial advisor before making any investment decisions.