Simon notes the strength of the recent rally but also how concentrated it has become in Technology. While a pause could be in store, the case is still favorable for continued gains given solid economic underpinnings, low levels of systemic financial stress and better than expected corporate earnings growth. He also considers whether higher interest rates should be considered a negative signal. He highlights VLTO and MKL as two out of favor names to consider in an AI-driven market.
WIG Names: VLTO, MKL
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