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so last week S&P was down 4% and the biggest concern was AI bubble
today S&P 1% away from ATHs, looks like a rate cut is happening, retail stocks actually CHALLENGING the “consumer is weak” narrative, and labor market is weak but not horrible as per jobless claimsall of this while $NVIDIA(NVDA.US) is still down 15% from all time highs even after those earnings, now trading at 25x 2026 earningsthe largest company in the S&P is down but the S&P being up means we are broadening which is very healthynarratives can shift so quicklySource: amit
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