Payne's Perspective: May 15: Powell & Rational Thinking
Alphabet (GOOGL) continues to stage an impressive rebound as more investors assume it will be a player in Artificial Intelligence (AI) after dropping the baton. Meanwhile, Amazon (AMZN) has become the new “It” stock, seen as a value play with little upside and a giant footprint that will be exploited for future dominance.
More tough sledding for the stock market, which only saw two sectors higher. There were mostly red arrows across the financial spectrum.
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