The S&P 500 has rallied thanks to the AI boom, but parts of the index may well be signaling a recession. Here's what 7 experts have said.
"The question always comes – why isn't the S&P 500
? Answer: it is. The most economic sensitive areas are down -33%: transports, consumer discretionary and banks. Behaving as they did heading into the 1990-91, 2001 and 2007-09 downturns," Rosenberg said in a tweet on Thursday."As S&P 500 has moved higher over past handful of months, there hasn't been as much of a lift in ratio of Consumer Discretionary to Consumer Staples sectors ." .
as declining corporate profits, less government spending, and banking turmoil pose a risk to stocks. "Internally we have crashed," he told Insider's Theron Mohamed last week."What hasn't crashed - where I'm wrong - is the capital moved out of these crash spots and into hiding spots," he added. "The AI boom and hype is strong," Kabra said in a note,Jurrien Timmer, director of global macro at Fidelity Investments
"Why, in this probable twilight of the long secular bull market that began in 2009, is the gap widening between the S&P 500's top 50 stocks and the other 450?" Timmer said in a recent"The leadership of the past decade was entirely driven by relative earnings, so the gap in valuation did not happen at the peak , but during the subsequent decline.
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