Stock Market Strategist Warns of AI Masking Weak Consumer Sector

Friday, 24 May 2024, 11:57
In a cautionary note raised by BTIG’s chief market technician Jonathan Krinsky, the potential masking of a feeble consumer sector by AI is highlighted. The post warns that if this consumer weakness continues in the upcoming months, the strength in the tech sector might not be enough to offset it, raising concerns for market stability.
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Stock Market Strategist Warns of AI Masking Weak Consumer Sector

AI Concealing Weak Consumer Sector

In a recent analysis, BTIG’s chief market technician Jonathan Krinsky brought attention to the potential masking of a fragile consumer sector by AI. If consumer weakness persists into this summer, tech strength might not be enough to compensate. Says Krinsky, this could have significant consequences for market stability.

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