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Bloomberg

Chipmakers Sink as Wall Street Rotation Powers On

A rotation that has seen Wall Street investors bail from high-profile chipmakers in favor of more economically sensitive industries picked up speed, driving the Nasdaq 100 toward a technical correction. Lori Calvasina, Head: US Equity Strategy at RBC Capital Markets and Amy Wu Silverman, Head: Derivatives Strategy at RBC Capital Markets, discuss the latest market moves as the AI trade drives sentiment.

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Bloomberg

Fed Faces New Pressure to Hike Rates as Price Risks Rebound

Federal Reserve officials headed into their policy meeting this week confronting a resurgence in price pressures that could make their decision on whether to hold or hike interest rates a close call and a contentious one. Thierry Wizman, Director: Global Currencies & Interest Rate Strategist at Macquarie, discusses what he expects to see from the Fed's July decision, as well as expectations for the Bank of Japan.

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