Editorial companion

What stands out

Dave Sekera told Schwab Network he "can't see" the Federal Reserve (Fed) doing anything other than an interest-rate hike at Wednesday's meeting. He urged investors to stick with artificial intelligence (AI) leaders like Nvidia (NVDA), Broadcom (AVGO) and Alphabet (GOOG), warned about high-fliers such as Micron and SanDisk, and offered a contrarian SpaceX take. That matters because a near-term rate hike would tighten the backdrop for richly priced growth names while concentrating more conviction into a few AI winners, forcing investors to choose between quality exposure and active risk control.