The US stocks face a key test while it continues to gain more ground and get closer each day to new record highs. S&P500, DowJones, and Nasdaq are 5% away from that record. Are we going to see a new record high by the end of this earnings season? Yes, it’s possible.
However, this earnings season will be a key test for corporate profits, it will either confirm or deny whether AI plays a significant role in driving new revenue streams or not.
Despite that, I am not in a position to buy the indices yet, I would like to see a correction in the coming weeks, if it’s not through earnings, it might be from the Federal Reserve decision.
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