John Stepek analyses strong stock markets driven by earnings and AI euphoria

4 articles · Updated · Bloomberg · May 8

In his Money Distilled newsletter, he says the Iran war has faded as a market concern beyond swings in oil prices.
Stepek argues equities remain extremely strong, powered by blockbuster corporate results and investor enthusiasm around artificial intelligence.
He and Merryn examine whether the rally can last, drawing historical lessons and citing companies including Apple and Spotify.

Are tangible AI productivity gains enough to sustain market highs if corporate buybacks fail to materialize?

Why do markets seem to ignore the growing risk of stagflation fueled by the ongoing Iran conflict?

With AI boosting productivity, will mega IPOs like SpaceX trigger a '2000-style' market correction?