NYSEARCA:MAGS - NYSE Arca - US53656G4982 - ETF - Currency: USD
The long-time Wall Street manager has updated his stock market outlook.
Fund manager, macro strategist, and economist Craig Shapiro is not mincing words on President Donald Trump and his latest attempts at centralizing economic power in the White House.
Mentions: AAPL
Investors are pulling out of top tech ETFs, despite strong performance, in favor of blue-chip stocks. Defensive sectors see inflows as tech weakens.
Munster said tariffs don’t change the reality that the race to general intelligence is the most significant tech, economic and geopolitical shift in 25 years.
Ives said the uncertainty around tariffs could create caution about broader spending and greenlighting artificial intelligence (AI) projects across all industries.
Despite market and sector weakness, Palo Alto Networks (PANW) has risen nearly 2% YTD, outperforming the broader tech sector despite a risk-off market.
The S&P 500 and Nasdaq 100 benchmark indexes have fallen to this widely followed support level, where it has bounced 3 and 2 times, respectively, will it again?