AI enthusiasm may collide with reality soon
The QQQ surged 40% and SPY climbed 27% over the past year, driven by AI enthusiasm.
This growth has been accompanied by a rise in bond yields, which could threaten the Fed’s easing path.
The market is on its longest winning streak since 1985, with the IPO window open wide, but a reality check may be imminent.
The Invesco QQQ Trust is up 40.06% over the past year, while the SPDR S&P 500 ETF Trust has climbed 27.04%.