华尔街老兵：美股牛市远未结束

Group 1 - The core viewpoint is that despite rising recession risks, the U.S. stock market remains in a bull market, entering its third year, and the upward trend may not slow down soon [1][3] - Joe Fahmy, a portfolio manager at Zor Capital, believes that the current bull market could extend for "years" due to the AI boom, which is seen as a revolutionary innovation that enhances productivity [3] - Historical patterns indicate that bull markets are often driven by groundbreaking inventions and innovations, with AI being the latest catalyst for the current market surge [3][4] Group 2 - Fahmy notes that despite recent market volatility due to factors like changing tariff policies and geopolitical conflicts, the U.S. market remains resilient, as many institutions are currently under-invested [3] - The market's ability to maintain support levels during adverse news, such as the recent Middle East crisis, exemplifies its strength [4] - Fahmy emphasizes that market trends often last longer than expected, suggesting that when it seems the market cannot rise further, it often does, and similarly for declines [4]