• You're calling for an everything rally into year end. Tell me more.
    Scott Wapner
  • Christina Partsinevelos
    Yeah. So we're targeting 7100 by year end this year. I think everything's going to rally; the market is starting to broaden now. We see about five reasons for this, including seasonality, tax refund potential, and positive earnings.
  • What about reliance on the AI trade?
    Scott Wapner
  • Christina Partsinevelos
    Still bullish on AI. We're in the fourth inning of the AI CapEx cycle. There are concerns about hyperscalers' spending but overall it's good news for AI-related semis and hardware companies, which will carry the market.
  • What about hyperscalers?
    Scott Wapner
  • Christina Partsinevelos
    Hyperscalers are in an arms race; free cash flow margins are declining, but market is okay with slower earnings growth for some big tech names like Alphabet.
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