The Federal Reserve's rate cuts may sustain elevated stock valuations. Historically, lower interest rates have led investors to justify higher stock valuations. But investor skepticism is also growing around AI spending. Sure, maybe AI enthusiasm is creating a stock market bubble. But if the Federal Reserve is set to continue slashing rates, one might be tempted to ask: so what? In other words, even with valuations elevated, the old maxim of "don't fight the Fed" may prove to be prudent advice in ...