Simon discusses the recent rotation in the stock market to former laggards as well as how to think about a possible AI bubble. He suggests that, while there is precedent for a midterm election- year correction, there remains a good case for double-digit earnings growth and stable valuations. He cautions investors on the likelihood of continued ebbing in house prices, which could lead to lower returns for those buying investment property. He then examines the ramp in competition among the mega-Technology names and how to think about the AI "horserace" going forward.

WIG Names: GOOGL, AMZN, NVDA

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