Piper Sandler Strategist Sees Broadening Equity Rally Despite AI Bubble and Jobs Concerns

On February 9, 2026, Piper Sandler's chief investment strategist Michael Kantrowitz said he remains positive on equities even as investors worry about an artificial intelligence-driven bubble and softer labor data. He noted that since October the stock market has begun to broaden for the first time in about four years, supported by easing interest rates, lower bond yields and improving earnings breadth.