According to Capitec macroeconomist Joe Maher, U.S. stock market will likely struggle to return to early October highs in the near term, even if market concerns over political developments prove overblown. Maher attributed recent market selloff to investor worries about potential AI industry regulation and data center restrictions at both congressional and state levels. He noted that market sentiment toward AI trades had already shown fragility, and recent developments could trigger a prolonged correction in AI stocks.

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