Stock Market Strategist Warns of AI Masking Weak Consumer Sector
Friday, 24 May 2024, 11:57
AI Concealing Weak Consumer Sector
In a recent analysis, BTIG’s chief market technician Jonathan Krinsky brought attention to the potential masking of a fragile consumer sector by AI. If consumer weakness persists into this summer, tech strength might not be enough to compensate. Says Krinsky, this could have significant consequences for market stability.
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