Josh Jamner reviews jobless claims data, pointing out the continued strength of the labor market. He suggests this strength, coupled with disinflationary trends and lower oil prices, could lead to two or more Federal Reserve rate cuts later in the year. Jamner also discusses a leadership rotation in the market, favoring value and small-cap stocks over the "Magnificent Seven," and sees potential upside in consumer-focused companies. He concludes with a look at the A.I. narrative, anticipating a "pause that refreshes" as growth rates, though still strong, begin to slow.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

Labor Market Strength Signals Potential Fed Rate Cuts; AI Narrative Pauses

Schwab Network

Labor Market Strength Signals Potential Fed Rate Cuts; AI Narrative Pauses