The stocks of big banks are outperforming the rest of the S&P 500 (^GSPC) this year, and that investor confidence is about to be put to the test.
The AI juggernaut that has fueled the S&P 500 (^GSPC) rally this year is expected to keep driving returns over the next six to 12 months.
The S&P 500 is up 17% so far this year largely attributed to just a handful of stocks tracking one theme — the Magnificent Seven and AI.
The SEC appears to be extending its timeline to issue a regulation governing how financial advisors and brokers can use AI.