Debt Ceiling Drama, AI Fear-Mongering & Retiree Spending Rules

Debt Ceiling Drama & Fears About the Potential for an AI Bubble

It’s another action-packed episode of Money Wise and the guys kick it off with a look at last week’s numbers from Wall Street. The Dow was down 1.1%, the S&P 500 was down 0.3%, and the NASDAQ was up 0.4%. YTD the Dow is up 0.5%, the S&P is up 7.4%, and the NASDAQ is still leading the pack at 17.4% positive returns. The Money Wise guys discuss how growth funds are still taking the lead, what all the profit-taking has meant for the market, and the impacts of a potential AI bubble. Other topics include continued narrow participation, fear-mongering news stories surrounding AI technology, and whether we’re seeing buyer’s strike across the board. The guys also discuss debt ceiling doom, how current market conditions favor traders over investors, and why it’s important to continue to be extremely cautious. 

What Does an ‘AI Bubble’ Mean?

The guys discuss a potential AI bubble in this episode when discussing how just a few stocks are driving gains - and they’re the stocks connected in some way to Artificial Intelligence (AI). Now, to officially name an AI bubble, we would have to see these five stages come to fruition, but we may be on our way. A potential AI bubble could be burst, however, by the continued fear-mongering we’re seeing in the financial press regarding AI technology.

In the second hour, the Money Wise guys share Retiree Spending Rules you should know. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.

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