Arguments to be bullish-
1)Positive Momentum
2)AI Optimism and Data Center Cap Ex Spend
3)Rate Cut Expectations
Arguments to be bearish-
1)Ultra Mega Cap Valuation Concerns
2)Government shutdown
3)Tariff and Raw material uncertainty
4)Recession risk from slowing Global Growth
I remain cautiously optimistic regarding demand signals. Market participants continue to reward companies on future promises of top-line expansion from the inclusion of AI in business operations. Corporate leadership consistently point to the cap ex dedicated to AI and its future rewards. These upcoming earnings calls will be heavily scrutinized as at some point market participants will require promises to materialize on financial statements through margin expansion and increased profitability.