Chip Stocks Roar Back as Strong Data Sink Bonds

A rebound in chipmakers buoyed Wall Street as dip buyers emerged despite solid economic readings that reinforced speculation the Federal Reserve will boost rates in December. Max Kettner, Chief Multi-Asset Strategist at HSBC, discusses the AI trade and why it's following market narratives and not market fundamentals. (Source: Bloomberg)

A rebound in chipmakers buoyed Wall Street as dip buyers emerged despite solid economic readings that reinforced speculation the Federal Reserve will boost rates in December. Max Kettner, Chief Multi-Asset Strategist at HSBC, discusses the AI trade and why it's following market narratives and not market fundamentals. (Source: Bloomberg)