US stocks are soaring at valuations not seen since the dot-com bubble and pandemic highs, but the economy tells a different story. Manufacturing remains weak, housing is struggling, and growth is modest. The rally, fueled by a surge in AI spending, has many asking: how long can it last? What risks lie ahead, and how should investors navigate these turbulent waters?

On Wealth Tracker, Hongbin Jeong speaks to Tim Murray, CFA, Capital Markets Strategist, Multi‑Asset Division at T. Rowe Price, to find out more.