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| |  | | December 1, 2023 | | Alert Dear Leah, Stocks continue to rise today, bolstered by encouraging economic data and dovish comments from Federal Reserve Chair Jerome Powell.
It increasingly appears that the economy is poised for a soft landing, signaling the start of Year 2 in a multi-year bull market.
These are exciting times.
Today's rally is still led by AI software stocks, following another round of strong earnings reports from various software firms last night. These reports further support the bullish thesis that a tidal wave in enterprise AI spending is coming in 2024. We remain optimistic about the outlook for AI software stocks over the next 12 months.
However, as we noted in our profit-taking round yesterday, some AI software stocks appear technically overextended in the short term and might need a breather...
We believe it's wise to continue selectively taking profits from some of our AI software stocks that show extremely favorable technical conditions. Read the Full Alert |  | | Luke Lango
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