[ad_1]
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in alternative asset managers and in cybersecurity. One also issued a bearish call on the U.S. dollar due to tariffs. Alternative asset managers Ben Snider of Goldman Sachs sees opportunity in alternative asset managers. “It’s a really interesting part of the market, it’s a group with high growth, improving prospects and has not participated in this market rally,” Snider said about names like Apollo Global , Ares Management , Blackstone and Carlyle . He added: “Post-election about six months ago, there was a lot of enthusiasm about these stocks on the view that higher asset prices and more capital markets activity like IPOs and M & A would boost these stocks. Then of course, all attention turned to tariffs, the market sold off, and these companies fell with it. What’s incredible now is that thesis is coming to pass, the S & P is at a record, we are seeing more IPOs and yet these stocks are trading 20% below their prices earlier this year.” Tariff impact on the dollar Elias Haddad of Brown Brothers Harriman sees bigger declines for the U.S. dollar with trade policy as a continued headwind. “The decline in the dollar here, reflects this loss of confidence in US Trade and perhaps fiscal policy,’ said Haddad. “The key issue here is the US protectionist trade policies is an ongoing drag on the dollar.” According to calculations from Brown Brothers Harriman, the effective U.S. tariff rate has increased to 18% in 2025 compared to 2% in 2024, something Haddad sees as bearish for the greenback. He added: “You have the ongoing trade war that threatens to accelerate the declining role of the dollar as the primary reserve currency … policies aimed at narrowing the trade deficit means you have less U.S. dollars flowing overseas and there will be less dollars flowing back into U.S. securities.” The dollar is coming off its worst first half of a year in over 50 years , and has fallen more than 6% since April 2 when the President announced ‘reciprocal tariffs’. The AI and cybersecurity trade Jack Hidary, CEO of Sandbox AQ, sees a growing trend of cybersecurity powered by artificial intelligence. “AI and cyber look for that to be a key trend for the second half of the year as more attacks happen and enterprises need to defend themselves,” said Hidary. “The hackers are using AI companies also have to use AI to defend themselves.” Cybersecurity stocks represented by the First Trust Nasdaq Cybersecurity ETF (CIBR) , Global X Cybersecurity ETF (BUG) and the Amplify Cybersecurity ETF (HACK) have outperformed the market year to date and since the April lows.
[ad_2]
Source link
