Fidelity’s Jorian Timmer wrote today:
A market that is priced for success loses some momentum
Despite the fact that the S&P 500 ended the week virtually unchanged, there was a lot going on as usual. The more speculative elements of the market have lost significant momentum even as investors clearly embrace the correct outcome of the AI-led productivity boom. Bitcoin price is below $100,000 again while gold remains above $4,000…
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