Schwab Network

Ben Fulton is worried that valuations are ballooning too much in the AI space. However, crude coming back below $100 is a sign markets are rebalancing to macro woes. He outlines how AI and crude work against each other in gaining control of market momentum and corners of Wall Street he sees as good investments amid the uncertainty, including fixed income.

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A mixed earnings report isn't enough to tune up technical weakness in AutoZone (AZO) shares, as Patrick Ciummo of Charles Schwab points out. He takes investors through various trading metrics in AutoZone's chart to outline why bears continue to claw into the stock's momentum.

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Conflict near the Strait of Hormuz is keeping crude oil at $90 ahead of Wednesday's trading session, but as Kevin Green points out, the VIX is just above year-lows. He talks about the disconnect he sees between the two and the bullish backdrop it creates for markets, so long as recent market strength broadens. As Meta Platforms (META) holds its recent Muse AI-led rally, KG discusses a report that the Mag 7 giant is testing a "human concierge" for the product. Quantum computing takes a leap after IonQ (IONQ) shows successful testing of its real-time quantum error correction decoder.

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SanDisk (SNDK) surged as one of the S&P 500's (SPX) top performers thanks in part from a new bull initiating coverage. JPMorgan Chase (JPM) sold off as investors remain cautious on the Fed's interest rate hike. Royal Caribbean (RCL) hit a 52-week low. Marley Kayden has more on the Tuesday's top stories of the trading session.

Anthropic isn't the only company to delay a highly anticipated IPO. Sam Vadas talks about why SB Energy pushed back its public trading debut. Marley Kayden has her attention on the entertainment space by highlighting the latest development in a merger between Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD).

"China is moving very fast on AI," says Henry Greene, who gives investors a closer look into the U.S.-China AI arms race and impacts the President Trump and Xi Jinping summit will have on it. He notes that China's tech isn't as powerful as the U.S., though it is cheaper, making it attractive for companies to utilize. Henry addresses the regulatory risks and what it means for U.S.-based companies already using Chinese technology. That's not to say China isn't advancing its technology, with Henry pointing to Alibaba's (BABA) new AI chip as a sign innovation is increasing.

Karen Veraa-Perry of Blackrock believes the Fed will hike interest rates at least one more time before the year closes out. However, she says that hinges on whether the job market holds out and allows the FOMC to keep its full attention on fighting inflation. Karen then highlights opportunities she sees in the bond market and strategies to consider for those interested in fixed income products.

Risk-off sentiment into the Fed's interest rate hike made a sharp reversal afterward, leading to lots of strength during a historically weak period. Nigam Arora analyzes money flows on Wall Street's surface through the Mag 7 before taking a look under the surface into the rest of the S&P 500 (SPX) and Nasdaq-100 (NDX). However, he warns that the strength is concentrated as market breadth wanes. Nigam points to Micron (MU) earnings as the next key test for the tech sector.

With Bitcoin at its highest level since January, Chris Perkins believes crypto is entering a new bull cycle. Increased institutional investments helped make the crypto market more mature, which Chris says boosts access to the blockchain. He talks about Bitcoin's bullish path since the August short squeeze and how fundamentals will continue to shape investor sentiment in the space.

Lance McGray of Advisors Asset Management sees the Fed's interest rate hike as a new opportunity for fixed income ETFs. He talks about a variety of ETF products his firm has built with the purpose of given investors more exposure to the fixed income market.