Biggest net long allocation since January of 2022 according to BofA

The US economy has now been in an expansion for 68 months with annualized real GDP growth of 4.2% over that time

Total returns from the S&P 500 since 1928

Adobe is down over 64% from its peak, the biggest drawdown in the stock since March 2009.

The evolution of AI efficiency continues, with smaller mode capable models being released regularly