💼If money comes out of the 'magnificent seven' stocks and spreads more evenly across the market, it would be a healthy development.
📈The momentum trade may shift to a spreading of the market to other sectors and indices.
🐂The analyst believes we are in a long-term bull market and expects the S&P 500 to reach 5400 by the end of the year.
📉The inverted yield curve alone does not necessarily indicate an upcoming recession.
🤔The analyst highlights that there was a widely anticipated recession that did not materialize and predicts no recession this year or next year.