'This Is As Good As It Gets': Meb Faber

Tech stocks rallied on Monday as Amazon’s $38 billion deal with OpenAI added fuel to the artificial-intelligence trade. The S&P 500 hovered near 6,860, with a gauge of the “Magnificent...

By Bloomberg Markets · Bloomberg Markets

Tech stocks rallied on Monday as Amazon’s $38 billion deal with OpenAI added fuel to the artificial-intelligence trade. The S&P 500 hovered near 6,860, with a gauge of the “Magnificent Seven” up 1.5%. Meb Faber, CIO and co-founder at Cambria Investment Management, says "this is as good as it gets for stocks". He says though that countries outside the US that are performing, investors are just nervous to make the recommendation. Faber speaks to Katie Greifeld, Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ". (Source: Bloomberg)