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Bloomberg

BusinessBloomberg·Sep 9, 2026·1 min read

Jefferies’ Wood Sticks With ‘Picks and Shovels’ Trade

Chris Wood, Global Head of Equity Strategy at Jefferies, says he continues to favor the “picks and shovels” trade as long as capital spending holds up. He also says China's domestic market gives it an edge in the AI cycle. He speaks on the…

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