The spreading weakness in the core businesses of the hyperscalers means that the ROI on their massive AI spending will get pushed even further out…and might be smaller than they have been promising.
If the tech sector starts to see another meaningful leg to its recent weakness, investors will stop rotating into other sectors…and into cash…especially given that they’ve been hearing about a bubble for over a year now.
Keeping a close eye on one key level for the S&P 500 Index.
Go Colby, Beat Bates!
