It’s interesting to note that the stock market stands right where it was five months ago. Thus, its upside momentum has faded considerably. Although stocks often rally after midterm elections, rising credit market stress, geopolitical uncertainty, and concerns about AI spending could make historical season patterns less reliable this time around.
Earnings/guidance will be critical to the market’s near-term direction (duh)….We discuss why this afternoon’s report/guidance from META could/should be particularly important…given the rise in expectations since its Muse announcement.
