I think the market is entering a tougher phase. Earlier this year, investors focused on AI growth and rate cuts, but now inflation, interest rates, and valuations are back in focus. I don't believe the bull market is over, but future gains may be harder to achieve.
A September Fed hike is possible, though not my base case. The labor market remains strong, inflation is still above target, and higher energy prices could keep pressure on policymakers. Unless inflation rises again, I expect the Fed to remain cautious.
I remain bullish on AI long term, but valuation concerns are becoming more important. The key question is whether earnings growth can justify today's expectations. Going forward, profits and execution matter more than AI hype alone.
@Tiger_comments @TigerStars @TigerClub
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