The growth of AI could have a greater impact than the discovery of electricity or the arrival of personal computers.
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Stocks continue one of their best years on record. With price-only S&P 500 data going back to 1927, this year ranks as the tenth best through July 31.
Only 1933, 1987, 1975, 1997, 1989, 1954, 1995, 1943, and 1955 posted better returns through the first seven months of the year.… pic.twitter.com/nane2H3W5Y
— Jim Bianco (@biancoresearch) August 1, 2023