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Podcast: Money Life with Chuck Jaffe
Episode: Franklin Templeton's Dover sees a 'Sputnik moment' in DeepSeek news
Description: Steven Dover, chief market strategist for Franklin Templeton — the head of the Franklin Templeton Investment Institute — called the DeepSeek news that roiled the market over the weekend and into Monday "a Sputnik moment," comparing it to when the Russians stepped up the space race and the rest of the world responded. "If it's true that something is coming out that is much cheaper and easier for companies to use, that is going to incease the efficiency and productivity of the economy and help the broad market significantly," Dover said. He noted that the weekend's news — and the start of the ne...