Tech Is Still Hurting, But The Metaverse Is Full Steam Ahead

The Fed is going to continue to raise rates as inflation is still showing its ugly head, says Steven Orr. He talks about how we're still in a yield chasing environment. He notes that companies that have a buyback plan in place will do better than ones that do not. He mentions S&P 500 sector leaders which include consumer discretionary, industrials, and real estate. He then goes over how American Express (AXP) and Visa (V) are buying back their stock and they benefit from rising rates and consumer spending. Finally, he discusses how tech is still hurting, but the push to the metaverse is full steam ahead. Tune in to find out more about the stock market today.