Hyperscaler valuations look attractive after the recent AI unwind as the market prices in a shorter AI cycle than is likely to play out, according to Gerry Fowler, chief European equity strategist and head of derivatives at UBS AG.

Investors worried that the AI boom is turning into a bubble may be right — just several years too early, according to Federated Hermes’s Steve Chiavarone, who says the infrastructure buildout still has years to run before the risk of a hangover becomes more pressing.

France’s political risk won’t end with April’s presidential election, according to Citigroup Inc.’s Beata Manthey, who says the bigger test for markets is whether any government can command a parliamentary majority and deliver a credible path to lower debt.

Equity markets face a genuine rival in bonds for the first time in decades, according to Savita Subramanian at Bank of America Corp., who also cautioned that elevated investor sentiment leaves stocks more exposed to disappointment than upside.

Strong earnings are keeping equities on solid ground, but a deeper acceleration in the fall in bonds could quickly test that resilience, according to Peter Oppenheimer at Goldman Sachs Group Inc.

Germany’s escalating political turmoil needn’t spell trouble for the country’s main stock market, according to Goldman Sachs Group Inc.’s Sharon Bell, who says the DAX is largely shielded from domestic risks.

The private capital industry is in “a golden age of capital deployment” even as the era of cheap funds comes to an end, according to top Apollo Global Management Inc. executive Scott Kleinman.

US stocks aren’t as expensive as they look, according to HSBC’s Willem Sels, who says valuations still fail to capture the scale of the AI-driven productivity and earnings boom.

European stocks tied to the health of the economy offer an attractive entry point after a difficult stretch, as improving data and policy support suggest the worst may be over for some of the region’s hardest-hit industries, according to Citigroup Inc.’s Beata Manthey.

September seasonality, the midterm elections, rate volatility and upcoming AI IPOs are building the case for stock investors to selectively reduce risk, according to Barclays Plc’s head of European equity strategy.

A push in the US 10-year Treasury yield to 5% should prompt stock investors to diversify concentrated positions, according to Richard Saldanha, global equity fund manager at Aviva Investors.

Investors should be more selective about European stocks as improving earnings are increasingly reflected in valuations, according to JPMorgan Private Bank’s Madison Faller.

Pacific Investment Management Co. says market anxiety about the inflation-fighting credentials of the Federal Reserve is overdone and that US bond yields at current levels look attractive.

The global selloff in chip stocks is not yet a buying opportunity as investor positioning remains crowded, according to GAM’s Paul Markham.

The UK is an underappreciated knowledge-sector superpower and remains a “happy zone” for active stock-picking, according to William Hobbs, chief investment officer at Brooks Macdonald Asset Management.

Investors should brace for more Middle East turmoil but resist the temptation to make major portfolio shifts as earnings growth remains the key driver for markets, according to Barclays Plc’s head of European equity strategy.

Commitments for AI spending should sustain the investment theme around the technology for two to three years, even as tech giants gradually turn cash-flow negative and start raising debt to fund their buildouts, according to BlackRock Inc.’s Helen Jewell.

The wave of AI-fueled earnings surprises that powered stocks in the last earning season will be tough to repeat, making it unlikely the results alone will spark a major rally, according to Christian Mueller-Glissmann.

The wave of AI-fueled earnings surprises that powered stocks in the last earning season will be tough to repeat, making it unlikely the results alone will spark a major rally, according to Christian Mueller-Glissmann.

The Iran war has changed perceptions of energy markets, according to former US secretary of state John Kerry, with oil and gas viewed as vulnerable to trade choke points while sources like solar and wind gain ground.