A U.S. market analyst at Citi thinks the market’s recent volatility could lead to an increase in microfinance.
Scott Chronert he says in a new interview with CNBC that the Artificial Intelligence (AI) business is still attractive so far but advises greater exposure in small non-AI companies.
“The story here is less about the impact of the earnings and more about the persistence of the AI trading continues, and this will be an ongoing discussion. If we look at the market setup, it’s easy. We want to have experience in this part of the Nasdaq where the interest rate is very strong, but we want to fight it and go to the smaller markets. Other sectors – financial, financial, consumer perception – all have issues that we can discuss, but we think that this floor trading has legs. ”
The analyst also says his outlook is positive for the S&P 500 through 2027.
“Looking at the aggregate S&P setup, we are very comfortable with our earnings expectations for this year. We are at 350 (earnings per share) this year. Consensus is 341. We feel very good about our 350 and it could be conservative – 400 next year (is realistic) line.”-
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