Stocks Jump, Streams Come True and Alphabet’s A.I. Reinforcements 1/20/23

Stocks rallying on Wall Street, although the Dow & S&P 500 are lower for the week. Richard Bernstein Advisors CEO Rich Bernstein says January is historically a risk-on month, but he is cautious that the outperformance will last. JPMorgan Chief U.S. Economist Mike Feroli says the market may be misreading the Federal Reserve and that could prove to be a major headwind for stocks. Netflix one of the big tech winners after better than expected subscriber growth. Wedbush’s Alicia Reese lays out the case for why Netflix shares can keep rallying. Goldman Sachs shares under pressure on a report the Federal Reserve is probing its consumer business. One of the reporters that broke the story explains the specifics of the probe. And Oppenheimer’s Jason Helfstein discusses Alphabet reportedly asking founders Sergey Brin & Larry Page to help win the A.I. war with competitors like ChatGPT and how that could impact the stock. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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