The Nasdaq reached a milestone by hitting 20,000, largely thanks to the strong performance of major tech stocks. However, panelists had a lively debate about the sustainability of this rally. They raised red flags about high valuations, possible policy changes like tariffs, and how some big tech companies are lagging behind the overall market. While some participants believed that "animal spirits" could keep driving the market upward, others warned that true growth requires broader participation and that current valuations offer little margin for error. The conversation also highlighted the recent revival of the uranium market, spurred by rising demand from AI data centers, and discussed GM's choice to cease its robotaxi development, noting its potential effects on rideshare firms like Uber and Lyft. Lastly, the panel examined Adobe's earnings, expressing a cautious outlook despite decent results, and mentioned a new partnership between telehealth company Roe and Eli Lilly to create a more affordable weight-loss drug.
