The S&P 500 Index has not experienced a 5% pullback for over 100 trading days.
Jinse Finance reported that the US stock market is leading investors into a one-way upward trend, with the S&P 500 Index having gone 114 consecutive trading days without a 5% pullback. As of press time, S&P 500 index futures and Nasdaq 100 index futures are both up 0.3%. If this trend continues, the two major indices are expected to set the longest winning streak since July. Bank of America strategist Michael Hartnett stated that one investment strategy to respond to the artificial intelligence boom is the "barbell strategy"—balancing the extreme valuation differences by combining low-valued cyclical assets with high-valued technology assets. Positive factors driving market enthusiasm this week include: Global Infrastructure Partners is in-depth negotiations to acquire Aligned Data Centers, and OpenAI continues to announce new partnership projects. According to PitchBook data, since the beginning of this year, venture capital institutions have invested $192.7 billions in artificial intelligence startups, setting a global record. (Golden Ten Data)
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