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cover of episode Tech Falls but Dow Hits Record on Economic Hopes

Tech Falls but Dow Hits Record on Economic Hopes

2024/11/22
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Schwab Market Update Audio

Chapters

The podcast discusses how economic optimism is driving market performance, with cyclical stocks outperforming tech, and the impact of potential policy changes on market psychology.
  • Cyclical stocks tracking economic growth outperformed tech for a second straight day.
  • Optimism around potential positive impact from policy changes is dominating market psychology.
  • Tech sector, particularly semiconductor stocks, has underperformed recently, possibly due to concerns around tighter export restrictions to China.

Shownotes Transcript

For a second-straight day, cyclical stocks that track economic growth beat tech to lift major indexes. Yields were subdued and economic optimism was a tailwind for most sectors.

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