Reported about 21 hours ago
As the year-end approaches, the stock market is expected to be influenced by calendar-related strategies such as tax loss harvesting, impacting the performance of underperforming stocks. Despite significant gains driven by AI, companies like Lululemon and Dow are struggling due to execution issues and changing consumer demand. Investors may sell off losing stocks to offset tax liabilities, potentially intensifying downward pressure on these stocks while portfolio managers chase gains. Overall, the AI boom benefits many, but the losses of a few will become more pronounced in this crucial time.
Source: YAHOO