News
AI bull market likely needs tech stocks to recover
Market commentator Mike Santoli argues that the AI-driven bull market cannot be sustained without a rebound in tech stocks, noting that defensive giants like Walmart and Eli Lilly have added $550 billion in market value but cannot replace the growth lost by Big Tech. The Nasdaq‑100 and S&P 500 Low Volatility ETF are converging, while AI exposure in the S&P 500 remains near 45%. JPMorgan strategist Jason Hunter advises staying defensive until clear capitulation signs appear. Treasury yields now track AI‑capex sentiment, and valuation multiples have compressed to the lowest in nine years, suggesting a potential turning point for AI‑related equities.