Investors Seize Market Dip as AI Rally Broadens Beyond Tech Giants
Wall Street's Optimism persists despite recent volatility, with strategists viewing market dips as buying opportunities. Jonathan Curtis of Franklin Equity maintains that artificial intelligence's transformative potential remains undervalued, even as the rally begins to extend beyond mega-cap tech stocks.
Small-cap indexes and the equal-weight S&P 500 have shown surprising strength in early 2024, though seasoned analysts caution against reading too much into January's performance patterns. The market's swift recovery following geopolitical tensions over Greenland underscores this bullish sentiment.