The stock market just posted another powerful winning week, with the S&P 500 and Nasdaq hitting fresh all-time highs. But underneath the rally, the real economy is flashing serious warning signs.

In this weekly market recap, Mark Malek breaks down the AI-driven earnings boom, AMD’s blowout results, weakening labor market internals, falling participation, rising U6 unemployment, and consumer sentiment sitting near historic lows.

The big question: how long can AI earnings keep pulling the market higher while the consumer weakens underneath?

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