AI Gains vs. Inflation Woes: Industrial Distributors Shining in Expensive SPX
Schwab Network · Schwab Network
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Show Notes
Justin Bergner shares his take on the current market landscape, where AI-driven stocks, such as Nvidia (NVDA), are driving gains, but inflation and job market concerns, as highlighted by Fed Chair Powell, create a tug-of-war. Despite the S&P 500's expensive valuation, Bergner sees value in the "pick and shovel" space, particularly in industrial distribution, citing Westco International (WCC) and GXO Logistics (GXO) as compelling plays.
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