The S&P 500 (^GSPC) has notched its twentieth-record close of the year. While the rally has largely been led by tech players, financials and industrials have also driven the surge. GLOBALT Investments Senior Portfolio Manager Keith Buchanan joins the Live show to discuss whether the market’s movement to the upside can be sustained.
Buchanan affirms that economic growth has spread beyond the AI generation, noting that names such as Waste Management (WM) and Walmart (WMT) have shown positivity in the marketplace. Recommending that investors look beyond the “Mag 7,” Buchanan notes that financials, in particular, have shown an appetite for potential steepening of the yield curve as the economy approaches a cutting cycle.
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