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Excerpt from The Wall Street Journal quoting DataTrek co-founder Nick Colas:
.... "ChatGPT can’t take most credit for July’s stock rally.
That’s according to Nicholas Colas, co-founder of DataTrek Research. Just 6% of July’s 1.9% gain in the S&P 500 comes from large tech stocks, he said in a note to clients Monday morning"....
Full article here on The Wall Street Journal.
Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.
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