El-Erian Says US Midterm Winners Face Market Test — Warns Against Stifling AI, Urges Fiscal Discipline
The economist says the four-year stock-market rally has supported spending by wealthier households and corporate investment, making investor confidence important for economic growth. Mohamed El-Erian said Democrats must avoid contributing to long-term market instability following their midterm victory. He noted that some investors see the AI stock pullback as a buying opportunity for the “rotation … Read more