Invesco: The current market performance is not a cyclical reversal or the bursting of the so-called "AI bubble"

Shanghai Securities News China Securities Network reported that Invesco Chief Global Market Strategist Brian Levitt recently expressed the view that, overall, most sectors covered by the S&P 500 index have continued to rise this year. Stock markets outside the United States have also maintained their previous upward momentum. Previously, the market was led by a very small number of companies; now, the leadership has broadly rotated as expected. The organization believes that the current market performance is not a cycle reversal or the so-called “AI bubble” burst, but rather a healthy correction following a slowdown in momentum.

Brian Levitt stated that market rotation often causes investors to feel uneasy, especially when it involves assets that performed strongly just weeks ago. However, these phases usually help lay the foundation for a more sustained market rally in the future. Despite increased market volatility and slightly subdued market sentiment over the past week, the overall fundamental environment remains supportive.