AI is an excuse- We are still in a bear market IMO
Yes you can make money in AI stocks, but for how much longer ? Other than AI related stocks, this market has been overall bear for 10 straight qtrs. That is, the S&P earnings have been flat to down for 10 straight qtrs The consumer is breaking down, with credit card debt at all time highs, as well as delinquencies. I have been no good at timing it lately, but this market will correct at some point, and stay down for years. The 2 and 10 year treasuries are still inverted for 21 months, and the bond market has predicted recession within 24 months of inversion, and hasn''t been wrong for 70 years ! While I realize shorts are losing their shirts, a savvy fundamentally studied investor has to know how dangerous it is right now on the long side. So where do you hide ? Fixed Income for the next 3-5 years !
