- The S&P 500 has rallied (best quarter since 2020, ~9% YTD) but Bank of America warns of a possible pullback to 7,100 (about a 5% drop) amid frothy speculation and worries over stretched valuations and weaker free cash flow.
- The AI boom is driving extreme winners and wild swings—chip names and hyperscalers have surged (Micron up ~242% YTD, ~700% YoY) even as markets like South Korea’s Kospi have seen sudden, historic plunges.
- Wall Street is split: JPMorgan raised its target but warned of a “flash-crash” risk, while bulls like Ed Yardeni are far more optimistic, forecasting much higher year-end levels.
The news, distilled into what matters.
Get the full experience in the app — topics, comments, and audio summaries.