Nancy Tengler hosts a panel that starts on big tech earnings and ends on what your children should study. Darius Dale, Founder and CEO of 42 Macro, says this market cycle will not survive contact with the 2028 general election, and explains why he thinks labor versus capital is at an extreme last seen before the New Deal. Mark Newton, Managing Director and Global Head of Technical Strategy at Fundstrat Global Advisors, is overweight healthcare and arrives at the same year by a different route.
Market Hang is live weekdays 12:30-1:30pm ET on Yahoo Finance.
Timestamps
0:00 Welcome, and two contrary signals from big tech
2:23 The strongest GDP data he has ever seen
3:59 Capital allocation is the whole question now
6:15 The existential question hanging over search
11:54 Oracle, and what has to clear before momentum returns
14:46 Every company is incentivized to overbuild
17:28 "This market cycle will not survive 2028"
18:53 Labor versus capital at a historic extreme
20:45 Why healthcare is the overweight right now
23:24 The post-midterm cycle, and where it breaks
25:52 Who actually pays for a data center
27:09 "Being anti data center is a luxury belief"
28:58 Elevated rates, high crude, and a market still up
30:51 Three Mile Island, and what the backlash cost
31:58 The part of AI nobody is pricing
34:51 GLP-1s, Lilly, and the mid cap nobody could name
39:06 A risk-off inflation regime
41:19 ServiceNow, and the question hanging over SaaS
46:51 The elephant in the room: Warsh and the Fed
50:24 A Harvard course on Jane Austen, oversubscribed
54:34 A liberal arts education, and what it was for
#AIStocks #DataCenters #StockMarket #MarketHang #YahooFinance
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