Here's how to trade the surge in stocks

• Market backdrop remains favorable, driven by resilient economic growth, supportive Fed policy, and AI investment/adoption.
• Despite a 'bad miss' in December retail sales, panelists emphasize strong consumer spending (e.g., January BofA spend up 5% YoY) and robust corporate earnings (analysts expecting 12.3% profit growth YoY).
• Cleveland Fed President Hammack prefers 'patience for future rate cuts,' but the bond market remains 'remarkably calm,' which is seen as positive for credit availability.

The discussion centers on the ongoing stock market surge, with panelists largely bullish on the outlook. Key drivers cited include resilient economic growth, supportive Federal Reserve policy (despite some hawkish comments), strong corporate earnings, and significant AI investment. Panelists dismiss concerns from recent retail sales data, highlighting broader economic strength.