Multi-decade Runway, Consumer Cracks, and Power Player 7/17/23
The Exchange
00:00
The Dow 30 Hits a New 52-Week High
A mega rally in the Arc-K ETF this year, up 60% since Jan 1, is not stepping the outflows from Kathie Wood's flagship fund. AT&T shares hit their lowest level in 30 years today. Verizon is now trading at a 12-year low. Texas officials say the demand for power in the state will likely reach record highs as people crank up their air conditioners to escape the blistering heat. An escaped inmate in Pennsylvania back in prison after evading authorities for nine days.
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