The Bull Market Is Not Concerned About Inflation Or Jensen Huang

What happened: Stocks continued to recover from last week's selloff, led by an oversold bounce in technology after CoreWeave rallied more than 24% on upside earnings and forward guidance surprises. Key numbers: CoreWeave rose more than 24%. The company had lost more than two-thirds of its value. Why it matters: The tech rebound eased concerns over AI infrastructure demand, though the author favors sectors with more reasonable valuations and improving revenue and earnings growth. The upside CPI surprise likely ensures a Fed rate hike in December, but the market reaction remains muted. Coverage: 8 outlets in 24h

Stocks continued to recover from last week's selloff, led by an oversold bounce in technology after CoreWeave rallied more than 24% on upside earnings and forward guidance surprises.

The tech rebound eased concerns over AI infrastructure demand, though the author favors sectors with more reasonable valuations and improving revenue and earnings growth. The upside CPI surprise likely ensures a Fed rate hike in December, but the market reaction remains muted.