AI-led rally shows cracks as Soloway sees possible S&P reversal after 8,000
Photo: TokenPost
The AI-led rally that has driven U.S. stocks is showing signs of strain as money rotates away from key growth names and investors reassess future supply. Lower oil prices and yields could still push the market higher in the near term, but concerns over a weaker economy may then take over. In an Oct. 13 Schwab Network interview, Gareth Soloway, chief market strategist at Verified Investing, said technical signals suggest the 10-year Treasury yield may be near a short-term peak, while the AI trade is beginning to show signs of capital outflow.
Source: TokenPost
