Northern Trust's Nixon Sees 'Fits and Starts' in Stocks

The video discusses the ongoing debate between value and growth investments, highlighting the frustration among investors due to fluctuating valuations. It emphasizes the need for a confident economic outlook to sustain a rotation trade. The discussion also covers the strong momentum in tech stocks, particularly Apple, and the role of the Federal Reserve in maintaining low interest rates, which supports higher valuations. Despite high valuations, tech stocks remain resilient due to strong fundamentals.

What role does momentum play in the performance of stocks like Apple?

Why might valuations be considered poor market timing tools?