Wall Street strategists become bullish amid S&P 500's record-breaking rally, driven by economic growth, lower interest rates, and AI tech.
Wall Street bears are rare as equities strategists quickly turn bullish amid the S&P 500's record-breaking rally, driven by economic growth, lower interest rates, and AI tech. The soaring stock market's optimism has some skeptics concerned about excessive valuation, market sentiment, and complacency, while David Rosenberg, who correctly predicted the 2008 crash, emphasizes the importance of earnings.
June 20, 2024
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