AI in ‘First Third’ of Bubble Creation, Market Due for ‘5% Pullback’
Jim Iuorio says he expected a rally when the government reopened and “doesn’t love” that it didn’t happen. He believes AI is in a bubble, citing “maniacal fervor,” but thinks we’re in “the first third” of its creation. He advises investors to stay nimble and use puts to protect their portfolios. He thinks the market will see a 5% pullback soon but thinks it is a buying opportunity.
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