#tech #sp500 #stockmarket #yahoofinance
The S&P 500 (^GSPC) has been on the run recently, with the Magnificent Seven leading the charge and holding almost 30% of the index’s value. Wall Street is arguing over whether the S&P can maintain this momentum into 2024. Spouting Rock Asset Management Chief Strategist Rhys Williams joins Yahoo Finance to discuss the state of the stock market and whether or not it can continue its recent hot streak into the new year. Williams puts the current market in a historical context, pointing out a productivity boom in the mid-90s due to “the power of Cisco Technology with the client-server technology and the internet” and makes a parallel with the rapid growth of AI. He argues there is “certainly a strong possibility we’re going to have another AI-led productivity boom over the next couple years.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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