“So, the mood is not great,” McDermott said in an interview that aired on “Mad Money” after the closing bell on Monday.
However, McDermott remained adamant that tech companies are the key to helping the U.S. economy weather and push through this turbulent environment.
The reprioritization he's referring to is the increase in demand for a fast return-on-investment — another symptom of cautiousness in the current environment.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
22 people rescued by local boaters as charter boat sinks off Jersey Shore, coast guard saysA day on the water took an unexpected turn when a charter boat started to sink off the coast of the Jersey Shore Monday evening.
Read more »
SEE IT: Mississippi teenager rescues three girls and police officer after car sinks in riverA teenager is earning high praise after jumping into a river and rescuing three girls and a police officer.
Read more »
Prepare for the U.S. dollar hit on S&P 500, big tech earningsThe dollar has been so strong against international currencies including the euro that the greenback will weigh on earnings, including big tech companies.
Read more »
How to get $264 in free Amazon credits to shop Prime Day 2022Amazon Prime Day officially kicks off tomorrow and so far, some of the best 'deals' we've seen (aside from a free year of Grubhub+ for Prime members) involve free money in shopping credits you can earn through Amazon's various promotional opportunities.
Read more »
How to crack down on greedy CEOs, massive employee pay gapsThere's an easy way to cap sky-high CEO salaries and limit outrageous pay gaps — and it would actually work
Read more »
LIVE: 35 Amazon Prime Day deals under $25 right nowInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »