POPA Recon📈AI is not the only market that has risen (Josh Brown) source
📈AI is not the only market that has risen (Josh Brown) source 1. It is difficult to explain the current strength of the US stock market through AI alone. - Even if technology stocks are excluded from the S&P 500, the profit growth rate is 28.3%. - If technology stocks are included, it rises to 32%, but most of the driving force is not concentrated only in technology stocks. - Profit is actually increasing in 10 out of 11 sectors. 2. Earnings estimates are stronger than stock prices - Net profit margin forecast raised from 15% to 15.6% during earnings season - The sales growth rate was 15.2%,…
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