"The breadth isn't great, but it's been not great for a while," says Jim Iuorio. While AI-tied stocks have recently led markets higher, Jim believes market breadth should improve alongside the tech sector due to initial goals that AI should improve profitability for all corners of Wall Street. He thinks investors should start taking profits at current levels. Jim turns to the Fed's interest rate hike as one that will start a hiking cycle and the warnings signs further hikes indicate to the greater U.S. economy.