Is tech still the top dog? Strategist talks investor trends [Yahoo! Finance]
Charles Schwab Corporation (The) (SCHW)
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Source: Yahoo! Finance
Worldwide Developers Conference (WWDC). The major market averages have calmed Friday morning, all opening the session lower as the Dow Jones Industrial Average even falls by over 300 points. Charles Schwab Head Trading & Derivatives Strategist Joe Mazzola breaks down the sectors where is starting to see more investor interest and pullbacks in. "Even though there was a slight uptick in the net buys over sells [in May], there was a bit of a churn underneath the surface when it came to the dollar amount," Mazzola says. "So, you know, when I see something like that, you know, that kind of stands out a little bit. It basically says that there were more net buy buyers and sellers, but some of the larger accounts started to maybe trim some of those positions" such as the headlining Magnificent Seven tech stocks. Mazzola also comments on when he believes the Federal Reserve could begin to cut interest rates this year ahead of the 2024 presidential election. In its forecast for the sec
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SCHW
Earnings
- 4/15/24 - Beat
SCHW
Sec Filings
- 6/25/24 - Form 497J
- 6/24/24 - Form 4
- 6/24/24 - Form NPORT-P
- SCHW's page on the SEC website