Does the Stock Market Know Something We Don’t?

In this episode of The Compound and Friends, Michael Batnick, Shannon Saccocia, and Todd Sohn discuss the current state of the stock market, addressing why it's up despite global uncertainties. They explore factors such as tariff clarity, strong earnings, and the anticipation of rate cuts, while also considering the influence of hyperscalers and AI. The conversation covers the sentiment of various market participants, the increasing equity allocations in portfolios, and the role of ETFs. Additionally, they delve into the concentration of the S&P 500, the potential impact of AI on the labor market, and the implications of immigration trends on inflation, ending with what each is looking forward to.