A New Bull Market Is Coming: 2 Artificial Intelligence Stocks to Buy Hand Over Fist Today
The economic slowdown dealt a blow to the stock market in 2022, with the benchmark S&P 500 index losing 20% of its value and spending most of the year in bear territory. But there might be some good news ahead for investors, because the average bear market only lasts about nine-and-a-half months (dating back to 1929).
Since the current bear market was official in mid-June 2022, we might be a mere four months away from the end. That timeline might also be supported by recent inflation data, given that it has cooled in each of the last five months, which should ease some of the current pressure on the economy.
That's why now might be a great time to buy stocks, particularly those in heavily beaten-down sectors like technology. Consider these interesting stats: According to McKinsey & Company, artificial intelligence (AI) is set to add $13 trillion to the global economy by 2030, with 70% of all companies using it in some way.
Source Fool.com
