Volatility spikes, winners and loser in Big Tech earnings, and Musk deals with himself
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Volatility spikes, winners and loser in Big Tech earnings, and Musk deals with himself
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Just as silver and gold reached record highs last week, volatility spiked after Kevin Warsh was announced as the nominee to become the next Federal Reserve chairman. Vijay Marolia, chief investment officer at Regal Point Capital, discusses what was behind the spike in volatility and why investors should ignore it, but he also looks at winners and losers among four Big Tech stocks that recently announced earnings and why he's looking past the quarterly numbers. Plus, Elon Musk is considering a deal that would merge his SpaceX with xAI, another of his companies, well before he was planning to launch SpaceX in a huge IPO. Marolia says the strange deal isn't so weird after all.
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