On days like today, it's important to zoom out. No, the AI Revolution is not "over," and the market is not "going to zero." In fact, the Nasdaq 100 is up +11% YTD and nearly +70% since its April 2025 low. Meanwhile, the S&P 500 is currently set to post a blended earnings +30.2% growth rate for Q3 2026. This puts us on track for the third-straight quarter of earnings growth above 25%. And, even after the biggest hack in crypto history, Bitcoin is down less than -5% this week. Disruptive technologies like AI will inevitably bring heightened volatility, polarized positioning, and extreme swings in market sentiment. However, do not let short-term volatility overshadow the broader picture. We are in the midst of the biggest technological revolution in history. Technical corrections are healthy, necessary, and an inevitable part of every bull market. Do not lose sight of the bigger picture.
