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Podcast: Money Life with Chuck Jaffe
Episode: Franklin Templeton's Dover sees Mag 7 and Ai stocks 'in a rough spot'
Description: Steven Dover, chief investment officer at Franklin Templeton, says that while the economy generally looks positive, he sees it in a "rough spot, especially with those Mag 7 or A.I.-related stocks," which he said have gotten "way ahead of themselves." Dover, who also serves as head of the Franklin Templeton Investment Institute, says he doesn't see an old-fashioned recession happening, but thinks there may be rolling recessions impacting specific industries and sectors. That could lead to a situation "where the average looks great but for a whole lot of people it isn't good," the K-shaped downturn that impacts pe...