Buckle Up; The Markets Just Got Interesting!

July 25, 2024 • 00:16:00
Buckle Up; The Markets Just Got Interesting!
Digital Finance Analytics (DFA) Blog
Buckle Up; The Markets Just Got Interesting!

Jul 25 2024 | 00:16:00

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Show Notes

Markets Are Clearly Confused. The S&P 500 closed sharply lower on Wednesday, suffering its biggest one day lost since 2022 as tech stocks nosedived following underwhelming second-quarter earnings from heavyweights Alphabet and Tesla. After the recent political machinations in America, with Trump in the ascendency, followed by the switch from Biden to Harris, the Trump trade got reversed. In Big Tech, the rotation from AI stocks has continued, as players like Google reportedly are spending even more Capax than expected investing in AI, without a clear uptick in revenue, while Tesla pushed out some of their new business plans, while […]
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