Mike Wilson warns of a 10% correction in stocks due to unexciting valuations and uncertainties like the election outcome and central bank policies.
Investors are awaiting Powell's testimony for clues on a potential rate cut, as market is 80% pricing in a cut due to softening labor market data.
AI technology like generative AI is expected to boost corporate profits by enhancing productivity without increasing prices, with companies like Apple and Amazon reaching record highs.
Uncertainty remains whether the upcoming earnings reports will support the optimistic outlook on AI's transformative impact on corporate profits.
Collection
[
|
...
]