From Quiver Quantitative:

Wall Street reaches record stock prices on the surge of strong economic indicators and the anticipation of robust corporate profits, driven by the Federal Reserve’s rate cuts and advancements in artificial intelligence. Investors are maintaining a positive outlook, with bulls reigniting optimism for the economy’s ability to withstand rate hikes. Tech titans have fueled the market further, but valuation debates are ongoing. The market’s direction hinges on corporate performance data and the Federal Reserve’s policy decisions. An analysis that adjusts for the tech giants’ influence shows potential investment opportunities. The market is expected to remain strong, though caution is advised due to some weakening indicators.



Read more: Tech Giants Propel Market Surge