Chris Low in Financial Advisor Magazine

Tuesday’s pullback comes as the equity market prepares to close out the first half of the year with some blockbuster gains that had been driven by easing geopolitical tensions, solid earnings and an AI trade revival. But the tech rally has recently faltered on concerns over whether the billions of dollars spent by giant firms will be justified.

“The risk-off trade reflects fear AI exuberance may be overdone,” said Chris Low at FHN Financial.

Read more here.