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The Nasdaq 100 index has remained above its 200-day moving average since the start of the AI boom, except during periods associated with U.S. President Donald Trump—specifically, Liberation Day and the start of the Iran war.
Conor Sen made this observation, highlighting the market's resilience outside of those Trump-related events.
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Sen previously argued that steady GDP, corporate profits, and stock market growth mean most U.S. companies face limited pressure to adopt AI. He has also questioned whether increased stock market investment automatically leads to higher net worth for all investors. These perspectives inform his ongoing market observations.