Wall Street’s rally pauses as key indexes (^DJI, ^IXIC, ^GSPC) face pressure from weak chip stocks, uncertainty ahead of the first Federal Reserve meeting of 2025, and Big Tech earnings reports to be released next week. Eric Freedman, US Bank Asset Management chief investment officer, joins Market Domination Overtime to share his outlook on the market and on Big Tech earnings, noting that he sees Big Tech remaining strong with ongoing investment in technology. “Our viewpoint is that companies are spending money, getting bigger, stronger, faster through technology spend … everything from data services to AI,” Freedman says. “Until that cycle stops, that’s the place we want to be allocating capital.” He adds, “We do expect there to be a little bit of rationing back in expectations, but still think this is a market to own until proven otherwise.” To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Josh LynchRead More
Why Big Tech is a ‘market to own until proven otherwise’
By Josh Lipton
