Demand continues to be lackluster, notes Irene Tunkel. She talks about how generative A.I. demand is unlikely to move the needle and the next leg in performance is likely to be down. She also discusses the current state of the semiconductor sector. She questions if outperformance of growth sectors has run its course? She mentions that growth is expensive and has limited upside and treasuries may have peaked. She highlights that short-term pullback is likely. She then goes over the current state of the energy sector. Tune in to find out more about the stock market today.