A Monkey Wrench In The Market + Liz Ann Sonders on Her Second Half Outlook
July 19, 2024
Guy Adami and Dan Nathan discuss the latest market trends, focusing on the recent downturn in tech stock performance. They delve why AI-chips manufacturers are performing so poorly and Big Tech's price behavior as it relates to geopolitical tensions and potential regulatory actions under a second Trump administration.
Liz Ann Sonders, Managing Director and Chief Investment Strategist at Charles Schwab, joins the discussion to review her past predictions and analyze market performance over the last six to seven months. Sonders elaborates on the Fed's rate policy, market behavior, and sector performance, highlighting the significant divergence between large-cap and small-cap stocks. She stresses the importance of quality factors over monolithic sector strategies, the impact of inflation on consumer sentiment, and the nuanced nature of this unique economic cycle. Sonders also touches on election-related volatility, the potential for a more active investing environment, and the inherent risks that could influence market trajectories in the second half of the year.
