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AI Fears Replace the Midterm Relief Rally as Money Rotates Into Cyclicals
Wednesday gave Wall Street its biggest post-midterm rally in 44 years. Thursday morning is already telling a different story. The relief trade is fading, the tech correction that was building before the election is back in focus, and money is rotating out of AI-linked growth stocks into the old-economy names that offer defensive value. The rally is real — but the rotation underneath it is...
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