Adobe Stock Explodes Higher, Up More Than 30%

Adobe stock has exploded higher, up more than 30%, as we've heard endless discussions about how it's a huge beneficiary of AI. I like Adobe very much, but now, so does everybody else. Maybe Friday's University of Michigan sentiment index will help us figure out where the consumer's head really is. The Fed can't win, it's war on inflation, until the consumers stop spending and start saving in anticipation of being laid off.