Part 5/9:
Among the highlights of today’s session is the performance of stocks, particularly tech giants like Taiwan Semiconductor Manufacturing Company (TSMC) and Nvidia. While TSMC shows strong gains, Nvidia has underperformed, highlighting the disparities within sectors in current trading conditions. The presenters stress the importance of stock picking in this bifurcated market, indicating a shift where fundamentals will drive stock performance more than macroeconomic conditions.
Both analysts point out that some sectors are witnessing underperformance while others manage to thrive. Notably, despite a drop in 10-year yields, growth stocks seem to be stalling. This presents a slight concern as it contradicts the usual market expectations where falling yields buoy growth stocks.