Stocks jumped in early trading Thursday as investors shrugged off fears of higher interest rates. The 10-year yield pulled back from a 4-year high, which caused some investors to push the sell button towards the end of the trading day Wednesday. John Petrides, Managing Director & Portfolio Manager at Point View Wealth Management was with us to give us the good and the bad of the current state of the markets.
Investors aren't too complacent. He said they were in 2017. Volatility over the last 3 weeks has brought everyone back to a "normalized state," according to Petrides. He believes the market is pricing in the possibility of a fourth rate hike, adding to the volatility.
Even in a rising rate environment, Petrides thinks stocks can still rise. He said the markets have been propped up by the Fed, but now stocks will have to growth through strong earnings and demand for their goods and services.
Computer chipmaker Nvidia is poised to release a quarterly earnings report that is expected to either deepen a recent downturn in the stock market or prompt an ebullient sigh of relief among investors increasingly worried the world’s most valuable company is perched upon an artificial intelligence bubble about to burst.
Emera CEO Scott Balfour discusses soaring energy demand, AI-driven grid challenges, clean-power investments, and how the company is building a resilient future.
JB Mackenzie discusses Robinhood’s new entertainment prediction markets, letting users engage with pop culture, award shows, and more through low-stakes bets.
Rhett Power shares his startup journey, lessons from his early years and insights from his book on overcoming negative self-talk to lead with confidence.
Despite inflation, Americans aren’t giving up the gym. Crunch Fitness CEO Jim Rowley discusses strong growth, value-driven expansion and what the future holds.
Home prices far outpacing incomes, low inventory, and higher living costs are reshaping the market. WSJ’s Veronica Dagher breaks down the challenges ahead.
As commercial options tighten, more travelers are turning to private aviation. Wheels Up CEO George Mattson breaks down capacity and demand challenges.
Layoffs, hiring slowdowns, and shifting skill demands dominate this year’s job talk. LinkedIn’s Kory Kantenga explains what workers should watch for next.
