AI Meltup: Why the Market Ignores the Shutdown
Fresh news and strategies for traders. SPY Trader episode #1388. The S&P 500 hits alltime highs despite the ongoing government shutdown, driven by the AI boom (validated by the massive AMD/OpenAI deal) and rate cut optimism. We analyze the 'meltup' scenario, signs of sector rotation into small caps and healthcare, and provide highconviction trades, including AMD and XLV, for navigating market uncertainty.
The skinny
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