AI Markups Distorting 'True Earnings Power of S&P,' Says Larry McDonald

Stocks fluctuated near their all-time highs as traders looked ahead to the start of the earnings season and inflation data that will be key in shaping the Federal Reserve outlook. Larry McDonald, founder at The Bear Traps Report, discusses bond market stress, equity moves, and how AI related mark-ups are distorting S&P 500 earnings potential. (Source: Bloomberg)