AI, GDP and the Bull That Forgot to Breathe

Memento Mori

The S&P 500 has closed above its 50-day moving average for 199 consecutive days, the 5th longest streak since 1950. It is extremely rare to see such a smooth ride higher and we should be braced for some proper drawdowns soon. Nevertheless, we continue with our Monday series "Fab Five Fundamentals" that lists five bullish things out over the weekend. And as always, this is not necessarily the true reflection of our current market view - just an exercise to stay humble and not too bearish.