MarketPR
US equities (^DJI, ^IXIC, ^GSPC) are trading optimistically into October as artificial intelligence growth offsets fears over rising oil prices (CL=F, BZ=F) and global interest rate hikes.
Market participants are divided on whether macroeconomic headwinds will stymy growth or if AI-driven earnings will continue to dominate performance.
The divergence in sentiment was highlighted on the Market Hang panel, featuring host Turney Duff alongside Kyle Reidhead of Milk Road, Eric Wallerstein of Clocktower Group, and Chad Morganlander of Washington Crossing Advisors.
Wallerstein argued that the combination of higher commodity prices compared to 2022 and global rate hikes creates a difficult environment for equities.
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