Max Kettner predicts it will be advantageous for investors to rotate from European to US equities in a couple of weeks or months.

European sectors such as chemicals and autos are likely to be more negatively affected by current market conditions compared to US sectors.

True consumer cyclical stocks represent only about 2% to 3% of the S&P 500 index.

Relative valuations for the S&P tech sector versus the ex-tech S&P, as well as for the Magnificent Seven stocks, are currently near 10-year lows.

Since the Q3 reporting season in November, markets have begun to punish companies for higher AI capital expenditures rather than rewarding them.

Ahead of the Q1 reporting season, the ratio of negative to positive pre-announcements from US corporations was the highest it has been in five years.

The technology and AI sectors combined now account for almost 50% of the S&P 500's market capitalization.

Interest rate volatility, which more than doubled during March, has recently decreased significantly.

Excluding Amazon and Tesla, the consumer discretionary sector constitutes about 4.5% of the S&P 500 index.

Max Kettner believes the 20% derating and compression in S&P 500 multiples at the beginning of the recent war was an irrational market reaction.

Max Kettner argues that a potential war involving Iran does not significantly matter to the global earnings outlook, particularly for the S&P 500.

Max Kettner suggests a risk that the US economy could become 'too hot' in a couple of months, potentially forcing the terminal federal funds rate towards 4%.