Stocks Crazy Rally Won't Tire Naturally: 3-Minutes MLIV

Mark Cudmore discusses the Xi-Trump meeting as the key event risk overshadowing payroll data, with a base case of positive market momentum but tail risks. He expresses a bullish view on the AI-driven stock rally, expecting it to continue and be more powerful than anticipated. - Xi-Trump meeting is the biggest short-term event risk for markets. - Base case assumes ceasefire negotiations continue into the summit. - Tail risk: Trump may be more aggressive on China if markets are strong. - AI is the primary driver of the current equity rally. - Rally breadth is narrow but not a concern for the speaker. - Momentum is expected to persist; rally may be more powerful than expected. - Volatility likely to increase as the rally extends. - Middle East conflict remains a backdrop factor.