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| Name | US economy is nowhere close to recession territory, strategist says |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 06-06-2024 12:23:24 |
| Video Discription | Nvidia's (NVDA) $3 trillion market valuation has raised questions about its broader impact on the stock market. Principal Asset Management chief global strategist Seema Shah joins the Morning Brief to offer her insights on this development. While acknowledging that markets heavily influenced by a single name or sector can be vulnerable, Shah notes a positive trend emerging from the recent earnings season: earnings growth "across various sectors." This diversification of growth drivers is seen as a positive sign for market stability and suggests a potential broadening of the rally. Addressing the sustainability of positive market momentum, Shah told Yahoo Finance, "When we're looking at earnings expectations for the remainder of 2024 and into 2025, the key thing that we're looking for is this continuation in economic growth." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
| Tags | Yahoo Finance | Personal Finance | Money | Investing | Business | Savings | Investment | Stocks | Bonds | FX | Currencies | NYSE | Equities | News | Politics | Market | Markets | Yahoo FInance Premium | Stock market | US ECONOMY | RECESSION |
