As the trillion-dollar AI rally gathers pace, pity the humans on Wall Street trying to figure out this gravity-defying market.
With the S&P 500 Index staging an improbable 16% advance this year, being both bearish and wrong is making life awkward for the people paid to predict where equities will go next. After being blindsided by the resilience of the US economy thus far, humility is the order of the day for the sell-side pros who remain at loggerheads on what’s ahead.