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House View Daily | Dip buying lifts US stocks after tech sell-off
Stocks have rallied over the past 24 hours as investors bought technology shares following last week’s sharp sell-off, while lower oil prices eased inflation concerns. We view the recent equity declines and the subsequent rebound as consistent with a positioning reset rather than the beginning of the end of the AI investment cycle, although elevated expectations and concentration risks should keep volatility high. Investors should use periods of strength to reduce excessive technology sector exposure and diversify across sectors, regions, and asset classes.
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