Economic Health Check: U.S. Labor Market, AI Leading Tech Rally Despite Job Cuts

As the S&P 500 (SPX) looks to close out a 6th straight winning week, Adam Coons joins Nicole Petallides to discuss the state of the U.S. economy. He weighs in on the April jobs report, saying "the economy is doing just fine" and coming out of the post-pandemic over-hiring. Adam says AI might be a scapegoat for some job cuts. On the earnings front, he says momentum is "backed by real revenue and real earnings" which separates the AI rally from dot-com bubble decades earlier.

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