Last week was definitely another exciting one, primarily due to the sheer wave of opinions, revised S&P500 end-of-2024 predictions, and warnings given by Wall Street analysts. Bears have plenty to fall back on in the face of significant headwinds, including slowing economic growth, sticky inflation, and geopolitical tensions at a decade-high. However, with interest rates bound to be cut later this year, AI massively boosting earnings growth, and the labor market remaining solid, bulls are still very much here. As a result, discussions are heating up on whether this rally has gone on for too long or if there is still more to come…
Completely agree re markets being on the edge. It's just this AI revolution is something we've never seen before, and likely something we may never see again in the markets. It's almost impossible to predict what's going to happen. I mean $SMCI is up 17% today...
Completely agree re markets being on the edge. It's just this AI revolution is something we've never seen before, and likely something we may never see again in the markets. It's almost impossible to predict what's going to happen. I mean $SMCI is up 17% today...
True! We are indeed dealing with unique conditions these days. Yet, we should also not lose sight of the fundamentals!