Our next guest says to own AI and AI enablers like utilities. Joining us now is Osen Quan, chief equity strategist at Wells Fargo. And Osang, it's great to have you back here on set with us.Welcome. >> Thanks for having me back. >> All right.So, so what do you think of equities here because we've been hearing that valuations are very rich. Uh, and certainly it seems like there's a wall of worry for investors to climb. >> Yeah, we're still bullish equities.Uh, we think the market's going higher. Uh, we're ta ...

WHY IS THE MARKET DUMPING?BITCOIN JUST DROPPED $1,500 IN A MATTER OF HOURS, WHILE ALTS DROPPED 5%-10%.HERE ARE A FEW REASONS BEHIND THE MARKET DUMP.1️⃣ NVIDIA DUMP● TODAY, CHINA SAID THAT NVIDIA HAS VIOLATED ANTI-MONOPOLY LAW.● THIS CAUSED A DUMP IN NVIDIA PRE-MARKET, WHICH ALSO BROUGHT NASDAQ FUTURES DOWN.● AND BECAUSE CRYPTO FOLLOWS NASDAQ, A DUMP HAPPENED HERE TOO.2️⃣ LEVERAGE FLUSH● RECENTLY, BITCOIN OPEN INTEREST HIT A NEW ATH WHILE PRICES ARE STILL DOWN 7% FROM ATH.● THIS SHOWS THERE'S TOO MUCH LEVERA ...

All right. So, what are your expectations for PPI today, CPI tomorrow. I think the question a lot of people are trying to figure out, are these market movers after we got that very soft jobs report and also saw the revision yesterday.Um, signaling there's a lot of weakness in the job market. We've also seem to get some signals from JPL that the job market is more of a focus than inflation. Uh, I think that's certainly the case. That's the message we've been getting.Uh, but nonetheless, the Fed does have to ...

Market Overview & Potential Pullback - The market experienced a surge, with the S&P 500 up 29% and NASDAQ up 40% since April 8th [3] - A 5% to 10% pullback would be reasonable and healthy, with expectations of buyers stepping in [3] - The NASDAQ is less than 3% from an all-time high, suggesting the current situation isn't a serious pullback for major averages [4] - A significant pullback (e g, 6%) would likely require a trigger, such as disappointing comments from Jay Powell, weak jobs numbers implying a recession, or disappointing Nvidia earnings [6] Key Stocks & Earnings - "Mag Seven" companies' earnings grew 23% as a group, with high profit margins [8] - Deals with the government could provide downside protection for these companies regarding antitrust, anti-competitive behavior, and foreign employee restrictions [8] - Arius Asset Management owns Meta, Amazon, Google, Microsoft, Apple, and Broadcom [9] Consumer Spending & Retail - The consumer has not fallen off a cliff due to continued employment and discretionary income [15] - Home Depot numbers were a relief, though not exceptionally good, with same-store sales up 13% [13] - Target's numbers were weak [13] - TJX's numbers were good, indicating consumers are looking for bargains [14] Portfolio Concentration - The "Mag Seven" stocks represent 29% of the market cap in Arius Asset Management's portfolio [10] - These companies are experiencing earnings growth of 23-24% and have average operating profit margins of 40% [10]

Market Prediction - Solana is predicted to surpass the NASDAQ in market capitalization [1] - The prediction suggests the event is inevitable, focusing on timing rather than possibility [1]

RT curb.sol (@CryptoCurb)Solana will flip the NASDAQ. https://t.co/ZIJIGzadzO ...

Market Prediction - Solana is predicted to surpass NASDAQ [1]

RT Solana Sensei (@SolanaSensei)Solana will flip NASDAQ ...

Join us now. Sylvia Jablonsky, Defiance ETF CEO uh and chief me chief investment officer. I I'm I'm feeling I'm feeling you have not been that negative.No. Throughout all this, I I can remember I it's sad because I look at some people and I remember how wrong they were. Yeah.And we have a lot of people on that when I look at now that's all I can think about and I'm not sure why they're here. Glad I'm glad I'm not one of them for You're not one of them. You are not one of them.Why didn't you Um it wasn't a h ...

Market Performance & Sentiment - The first half of the year saw an extraordinary market bounce from the April lows, with significant intra-quarter swings [1][2][3] - Sentiment change was notable, with Meta up almost 30% and JP Morgan up almost 20% [2] - The NASDAQ is on the verge of making a new relative high against the S&P, a key indicator for market players [7] - The S&P and NASDAQ made brief new highs, closing the first half near all-time highs with a VIX below 17 [8][9] Economic Factors & Risks - The first half of the year was one of the worst for the US dollar since the 1970s, with a nearly 7% move lower in the dollar index during Q2 [5] - A weaker dollar is beneficial for multinationals and the big tech trade [9] - The Fed lowered its growth target for the US for the second half of the year [10] - There is confusion regarding the Fed's next move, with scenarios for both lowering and maintaining interest rates [11][12] Sector Performance & Concerns - The reemergence of big tech companies has been a significant driver [6] - While tech may continue to drive the market higher, caution is advised due to potential shifts in the dollar or crude oil prices [9] - Energy, materials, home builders, retail, and pharma sectors are underperforming, indicating a lack of broad-based rally [9][10]