Where are we now as we finish a newly volatile week in the markets?
Speaker1
Bryn Talkington
This week's market action has been very healthy - penalizing companies with negative free cash flow and excessive spending on early-stage AI companies
Matt, how do you see it?
Speaker1
Matt
Nasdaq up 50% since April lows in uninterrupted advance, increasing risk profile with speculative non-profitable companies leading
Oracle stumble has ripple effects across entire AI trade - not isolated to one company
Speaker1
Mike
OpenAI creating web of partners claiming scarce resources, but market punishing shares shows not enough to go around for all winners
What does this mean for final six weeks of the year?
Speaker1
Bryn Talkington
Expect more bouncing around than expected due to government shutdown delaying economic data and inflation uncertainty
Should people take advantage of volatility and pullback?
Speaker1
Matt
Labor market softening, University of Michigan survey shows highest unemployment expectations since 1980, but strong earnings growth provides balance