Tech stocks have outperformed the S&P 500 for almost 20 years, and 40-year veteran strategist Jim Paulsen says that run has made investors complacent. He tells Brooke DiPalma why he sees a fair amount of carnage left for tech and communication stocks, even if the broader S&P 500 holds up better. Paulsen explains why AI spending is booming while the rest of the economy barely grows, why the damage from oil and rate spikes usually comes after they peak, and why the seasonal rally investors expect after the midterms could disappoint this year.
Market Domination, Market Domination Overtime and Asking for a Trend are live weekdays 3-5pm ET with Yahoo Finance Host Josh Lipton.
00:00 Is the market running on FOMO?
00:29 Tech’s 20-year run of leadership
01:39 Is a tech bear market coming?
02:04 How to read the AI boom
03:12 A boom in tech, near-recession elsewhere
04:05 Defensives and beaten-down cyclicals
04:38 Where’s the safe-haven trade?
05:23 Too much confidence in the economy
06:10 Has oil peaked?
07:58 Lower yields, lower stocks
08:21 Why the post-midterm rally may disappoint
09:28 This summer’s tightening
#stockmarket #techstocks #bearmarket
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