AI productivity boost will be a key economic driver: Strategist
The tech industry has been driving market (^DJI,^GSPC, ^IXIC) growth this year as the AI race heats up. John Hancock Investment Management co-chief investment strategist Matt Miskin joins Morning Brief to discuss the sector's outperformance. "These companies are printing money in terms of profits. They've got great profit margins. They've got great balance sheets. They're the highest quality stocks. Right now, the market is being driven by the quality factor and the momentum factor being married together," Miskin explains. He believes that AI will continue to be a powerful force for the economy, explaining that "productivity is going to be the key engine of growth." He adds that the technology is going to help find efficiencies across all sectors to ultimately get more accomplished with less work. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
