Too early to bet against AI trade, State Street suggests
1. State Street maintains a bullish AI outlook despite recent Nasdaq declines. 2. Momentum stocks continue to appeal to growth-focused investors, says Paglia. 3. Paglia anticipates early 2024 cooling in tech momentum, promoting diversification. 4. SPDR NYSE Technology ETF gained 38% this year, yet recently dipped. 5. Health care stocks show resurgence, suggesting market rotation away from tech.