-
Carefully follow the forecast
-
Crude oil reaches 110 dollars
-
The Fed will have trouble with prices
-
An analyst named NVIDIA just named his top 10 AI stocks in 2010. Get it for free here.
Ed Yardini, one of Wall St.’s most respected market strategists whose general predictions of stock movements are widely followed, has moved from 20% to 35% for the market to go down. He cited the war in Iran and rising oil prices as his main reasons. He made his comments to Bloomberg.
Yardini said his figures changed because the news service reported, “The U.S. economy and stock market are currently stuck between a rock and a hard place. So the Fed’s dual mission will be between the growing risk of higher inflation and rising unemployment.”
READ: The analyst named NVIDIA in 2010 Just naming his top 10 AI stocks
Oil prices rose to $100 today and Brent rose to $110. The chances that gas will reach $5 have increased, and with them household expenses will be limited. This will hurt the GDP. Consumers make up 70% of that figure. There is even a chance that the economy will contract.
In addition, the stock market has risen 20% over the past year and 80% over the past five years. More recently, the rise in crude oil has led to a sell-off of about 5%.
There is also the fear of being laid off due to AI. Yardini did not say anything about it. However, AI chief Anthropic’s latest prediction was about big dams due to AI’s ability to replace people, especially in the white-collar sector of the economy.
Wall Street is pouring billions into AI, but many investors are buying the wrong stocks. The analyst who first identified NVIDIA as a buyback in 2010 — before its 28,000% run — has identified just 10 new AI companies that he believes can deliver returns beyond that point. One dominates the $100 billion equipment market. Bill addresses the single biggest obstacle to maintaining AI data centers. The third segment is a net play in the optical network market that is quadrupling. Most investors haven’t heard of half of these names. Get a free list of all 10 stocks here.
