Time to Pound the Table?
After nearly six straight months of nothing but stocks going up, investors are facing the first real adversity since April. Many high-flying names have dropped significantly. Investors—and every major financial media outlet—are questioning whether the AI craze is over. The lower end of the consumer market is struggling, and many consumer-oriented names are under pressure. Unemployment is rising, and the Fed remains stuck in limbo on monetary policy. As a result, the market is in correction mode while assessing the risks. Is now the time to pound the table on booming growth, or should investors be cautious and seek safety? I’ll share my thoughts and explain what I’m doing in today’s market. AI-Related Stocks Pausing The biggest trade over the last six months has been AI-related stocks. Everything from AI infrastructure, chips, and energy has seen explosive growth recently. Those names are finally taking a breather and appear to be correcting. Some of these stocks are down 30–50% from...