As a result, while AI strength has been underpinning US market’s downside last week to avoid a correction, August still does not look too promising. Rather, it could remain a correction / consolidation month after 4 months of strong rebound rally. Should macro & micro reports continue their lacklustre performance last couple weeks to hurt sentiment more, AI & tech stocks may not fully offset to see slight decline of S&P500.
If AI momentum slows this month due to the above-mentioned news to provide less support, S&P500 could see slightly bigger correction. Hopefully, the robust underlying background of US stock market means it would be either a mild 3-5% correction or a smaller 2-3% consolidation. I certainly hope to see a slightly larger correction to create bargain hunting chances but cannot say I have a high conviction as the US market seems unwilling to pullback more than 3%.
陳俊文（Norman）是一位獨立投資策略師，擁有超過30年專業投資經驗，曾在家族辦公室、銀行、精品基金公司、財富管理公司工作。在其職業生涯中，管理過多種資產，包括全球股票投資組合、多元資產投資組合、基金中的基金和可轉換債券基金。Norman對全球金融市場及多種投資資產具深入了解，包括全球股票、債券（高等級、高收益、混合、可轉換）、衍生性商品（選擇權、認股權證、掉期等）以及各類多頭和多頭產品對沖基金。他經常接受媒體採訪，並曾擔任多家大專院校專業金融課程的客座講師。
