Feels like the market right now is just AI + FOMO + meme energy… am I wrong?
Trying to make sense of this market and everything keeps pointing to the same few drivers.
AI is still doing most of the heavy lifting. Chipmakers and anything tied to infrastructure keep pushing higher as spending ramps up. Even traditional names are getting re-rated just for having an AI angle.
At the same time, it doesn’t feel purely fundamental. There’s a clear FOMO bid underneath. People don’t want to miss the move, so dips are getting bought quickly.
Source: https://uk.investing.com/analysis/risk-on-as-stocks-rally-and-fomo-grows-across-markets-200624057
Then you layer in earnings season + options activity and you get these sharp, almost exaggerated moves in both directions.
So it kind of feels like:
AI narrative + FOMO + liquidity = current market
Not saying it’s wrong… but it does feel more sentiment-driven than people admit.
how others are interpreting this.. are you leaning into it, or waiting for things to cool off a bit?