There are a number of valid reasons why many investors may be souring on the ability of equity markets to continue to rise at a 20%+ rate in the years to come.
So much for a bursting of the AI bubble. With the markets on quite a strong winning streak, with the S&P 500 now just a good day or two away from returning to prior highs, investors might be wondering if it's time to take some profits off the table as market breadth improves and some of the fallen former AI darlings remain in the doghouse.
In trading on Monday, shares of McDonald's crossed below their 200 day moving average of $305.87, changing hands as low as $305.40 per share. McDonald's shares are currently trading down about 1.1% on the day.
President Donald Trump asked McDonald's for more tartar sauce on Filet-O-Fish during D.C. summit and joked about being first former fry cook to be president.
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