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A "6200% increase" in the Dow Jones Industrial Average. That's the margin between Kenny Polcari's first day on Wall Street and last week's historical milestone as the index crossed 50k. He joins Diane King Hall to provide his animated analysis of all things trading. He sees more opportunity and more jobs as AI adoption could create the "4th industrial revolution." However, he admits the tech sector could be "taking a break" after momentum lifted it to new highs. Kenny points to the broadening out in the markets, specifically outperformance in industrials and consumer staples. With that in mind, he sees the bull market mentality continuing but notes the potential for a "broad S&P drawdown in the first 6 months of the year."
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By Schwab NetworkA "6200% increase" in the Dow Jones Industrial Average. That's the margin between Kenny Polcari's first day on Wall Street and last week's historical milestone as the index crossed 50k. He joins Diane King Hall to provide his animated analysis of all things trading. He sees more opportunity and more jobs as AI adoption could create the "4th industrial revolution." However, he admits the tech sector could be "taking a break" after momentum lifted it to new highs. Kenny points to the broadening out in the markets, specifically outperformance in industrials and consumer staples. With that in mind, he sees the bull market mentality continuing but notes the potential for a "broad S&P drawdown in the first 6 months of the year."
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – / schwabnetwork
Follow us on Facebook – / schwabnetwork
Follow us on LinkedIn - / schwab-network
About Schwab Network - https://schwabnetwork.com/about