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Anyone checking their 401(k) this fall could be forgiven for thinking Wall Street has shaken off its worries

More recently, however, the rally has lost some steam.

For investors who stayed in the market through its twists and turns, those are comforting numbers as they look toward 2027.

But in a note shared with me, Bank of America’s Michael Hartnett sees a major problem hiding behind the gains.

As we all know, the AI boom that has helped power stocks depends on extrao.

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