The Markets are a Long Way From the Late Innings of its "Repricing Process."

The realization that the AI market will not be as profitable as believed will cause the stock market to decline quite a bit further before it finds a long-term bottom

In today’s piece, we discuss why we believe that the stock market is heading quite a bit lower before it bottoms…even if we continue to see some nice bounces along the way. The market need to go through a “repricing process” (or a “reset)…that will take many months to playout.