NVDA Jan 2025 595.000 call
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Why you shouldn't be afraid of AI slashing jobs: Strategist
While Nvidia (NVDA) is set to report its earnings this week as Fedspeak is underway, HSBC Global Private Banking and Wealth Management Americas CIO Jose Rasco joins Catalysts to discuss how the two may impact the market (^DJI,^GSPC, ^IXIC). "The market is rebalancing risk and reward, and that's what you're seeing play out," Rasco explains. He points to the diffusion of new technologies, as companies across all sectors are looking to find efficiencies and expand revenues: "That's how we view the next phase of investing in this bull market, is the broadening out of the tech sector and the broadening out of these technologies throughout the other sectors in the economy." He adds that there are signs of growth momentum despite the cyclical side of the economy slowing. While consumers are cutting back on spending habits, "real earnings, real incomes are still positive. That's a huge factor." Rasco explains that secular drivers are a sign of an economic slowdown rather than a recession and that investors can play the broadening in a higher-for-longer environment by focusing on the technology, communication services, and healthcare sectors. As all eyes are on the Federal Reserve's next interest rate decision, Rasco believes the next move will be a cut. He says that Nvidia and the AI boom will contribute to deflation across several sectors, ultimately resulting in lower prices for goods and services: "I think over the next 12 to 24 months, that's going to help push the inflation rate down as well." He explains that AI flooding the market is not necessarily bad news for jobs, comparing the situation to the "Amazon effect." Rasco says, "Many, many politicians talked about the Amazon effect and how horrible that was because we lost 300,000 jobs in retail in the last business cycle. We gained 1.4 million jobs in logistics, distribution, warehousing, trucking, and they were higher-paying jobs. So yes, we're in for change. And yes, change is scary. But we think we're going to have a better economy, more resilient economy, and we think smarter cities and all that will benefit the average American." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
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Ether ETF hopes, Macy's earnings, Nvidia: 3 Things
Stock futures (^DJI, ^GSPC, ^IXIC) are muted on Tuesday morning after the tech-heavy Nasdaq recorded a new record closing high on Monday. The moves are tied to AI optimism, as investors await Nvidia's first-quarter results (NVDA). First-quarter retail earnings from Macy's (M) and Lowe's (LOW) provided a fresh read on the state of the consumer. Macy's beat expectations as it weighs a future between a turnaround and a buyout. Lowe's beat on earnings and revenue even as consumers spent less on DIY projects. Ethereum (ETH-USD) and bitcoin (BTC-USD) are surging on renewed hopes of a new class of US exchange-traded funds (ETFs) tied to ether. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This article was written by Gabriel Roy.
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JPMorgan investor day, benefits of Biden tariffs on solar: Market Domination
The Dow Jones Industrial Average (^DJI) seeks to close back above its all-time high of 40,000 in Monday's trading session, while the Nasdaq Composite (^IXIC) flirts with its own record close. Yardeni Research President Ed Yardeni sits down with Yahoo Finance's Julie Hyman and Jared Blikre on Market Domination to discuss the economic factors that could push markets even higher in the coming years. First Solar (FSLR) CEO Mark Widmar discusses the long-term positive impacts that President Biden's tariffs on Chinese imports will have on American industry, including for the energy sector and green energy initiatives. Yahoo Finance Reporters David Hollerith and Dan Howley also join Market Domination to break down their respective coverage of JPMorgan Chase (JPM) CEO Jamie Dimon's remarks at the bank's investor day and Microsoft's (MSFT) unveiling of its CoPilot+ PCs. This post was written by Luke Carberry Mogan.
