Market Rally: Cautious on S&P 500, Bullish on International Stocks

Eric Diton says the market's second-quarter rally isn't a surprise, given President Trump's history of negotiating big and then compromising. Diton notes that despite strong jobs data, he's more concerned about the long-term impact of automation on the labor market, citing Ford CEO Jim Farley's prediction that half of all white-collar jobs could be replaced by A.I. While Diton is cautious on the S&P 500 in the short term due to high sentiment and valuation, he remains bullish on international and emerging market stocks, which he believes are undervalued and poised for a rebound.

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