McDonald: Expect A.I. Chip Pullback, Big Banks Overbought, Bull Case for Coal
Schwab Network · Schwab Network
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Show Notes
Larry McDonald sees market shifts ahead as investors digest what he calls "Trump optimism." One of the biggest changes he says will come from banks, pointing to JPMorgan Chase (JPM) as being overbought. Larry expects a sell-off in it and other big banks while smaller counterparts reap the benefits. He sees A.I. semiconductors pulling back for similar reasons, while fossil fuels like coal and companies tied to it to grind higher.
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