Will Fed Cuts Drive Stocks Higher?

In this episode of The Markets, Chris Hussey interviews Tony Pasquariello about the Fed's recent actions and their implications for the market. Tony discusses the Fed's rate cuts amidst a cyclical upswing, the market's response, and the technical factors influencing market trends. He draws parallels between the current market and the late 90s, noting high valuations and market concentration but also highlighting significant earnings growth. The conversation explores the dominance of AI, market breadth, and investment strategies, with a focus on US tech and Japan. Tony also touches on the labor market and upcoming economic indicators, concluding with a lighthearted take on Boston sports.