Semiconductors Will Continue To Outperform & Possible Rebound In The Energy Sector

We have seen some near-term volatility as 2023 earnings forecasts fall more in-line with GDP growth forecasts, says Brian Jankowski. He discusses why GDP growth forecasts were too optimistic. he notes that inflation and Fed rate hikes continue to be more on the mind of investors. He talks about how a slower decrease in inflation and a very strong jobs report now has the market expecting 2-3 more rate hikes rather than one. He then talks about what Nvidia's (NVDA) report means for chip stocks. He mentions the chances that semiconductor stocks will continue to outperform and the chances for a rebound in the energy sector. Tune in to find out more about the stock market today.