Bad Vibes Appear No Match for This Bull Market
WashingtonWise | EP141
Bad Vibes Appear No Match for This Bull Market
After a negative performance during the first quarter, the market has surged, with April and May producing one of the best two-month performances on record. But can the bull market keep going? On this episode, host Mike Townsend welcomes Kasey McCurdy, chief portfolio strategist with Schwab Wealth Advisory™, for an engaging discussion about why the market's powerful recent rally may be more durable than it appears, but also why caution is still warranted. They discuss how momentum and investor "FOMO" have played a role in the recent run, but it is strong corporate earnings that have been the primary driver. They dig into the evolution of AI investing as the focus shifts from infrastructure builders to companies that can effectively monetize and apply AI, with future returns hinging on proving real return on investment rather than just hype. Kasey and Mike also discuss the disconnect between strong markets and weak consumer sentiment, how investors should be thinking about the upcoming mega-IPOs and why it’s an important time for investors to consider rebalancing their portfolios. Mike also shares his perspective on some of the latest headlines coming out of Washington, including how an increasing number of "free agent" Republicans could derail the president’s policy agenda and the launch of the new Trump Accounts for children.
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