It's almost as though the stock market doesn't care whether the Federal Reserve hikes interest rates another quarter point in June, skips a meeting and waits until July to decide again or signals an outright pause in its campaign to snuff out inflation via tighter monetary policy.
"The market's being really completely driven by AI, and any kind of tech-related names," she said. "Our concern is that that's getting a little bit frothy there, and that could be a valuation correction," spurred by no other catalyst than that "valuations get too high, and people start to take profits on it.
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