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The Fed would need to lower interest rates by another 100 basis points for the final ingredient of a bubble to be added to the mix, UBS says.

"This is not the time to take a lot of excess exposure risk on FX, as it may prove to be the dominant story of 2025," KKR said.

This is what could happen next to Amazon shares.

Wednesday’s steep selloff in the stock market triggered a sudden spike in Wall Street’s “fear gauge,” posing a buying opportunity for investors and may spark a strong year-end stretch for stocks, according to market analysts.

Fed fund futures show the market believes the chance that the Fed won't cut interest rates at all next year have climbed after Wednesday's meeting.

Megacap stocks can “mask a lot of the internal weakness” in the S 500, says Todd Sohn, an ETF strategist at Strategas.