Reuters / Lucas Jackson
- Forget AI, the Fed, and inflation – "FOMO" is now the stock market's dominant force.
- Equities started 2023 on a tear and solidified those gains in July, with the S&P 500 rising 3%.
- Bears including Morgan Stanley's top strategist Mike Wilson have abandoned their gloomy forecasts amid signs the breakneck rally could last.
Forget artificial intelligence, forget inflation, forget the Fed.