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New Highs & Rate Cut Hopes: The AI Fueling the Bull Market

New Highs & Rate Cut Hopes: The AI Fueling the Bull Market

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Fresh news and strategies for traders. SPY Trader episode #1383. The S&P 500 continues to hit new highs, successfully shrugging off both a government shutdown and discouraging labor data. Market resilience is fueled primarily by the relentless AI boom driving the Technology sector and reinforced expectations of Federal Reserve interest rate cuts. Strong gains were also seen in Health Care due to positive regulatory news. Recommendations focus on maintaining exposure to secular growth (QQQ, NVDA) and defensive growth (XLV), while favoring shorttointermediate bond funds over longduration assets (TLT).
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