He expects that shifting views on the economy will fuel stock-market “twists and turns” throughout this year.
The full force of prior Fed rate hikes is still being felt in the economy, the firm's analysts said.
The company has been the most valuable publicly listed company since July 2022.
Mark Zuckerberg owns about 13% of Meta and has a net worth of about $125 billion.
AQR's gains were helped by stock selection as well as relative value wagers tied to macro investing.
Analysts' overall view on Tesla is fast deteriorating as an EV slowdown looms.
Retail investors fled US equities last year, according to client flow data.
Money pouring into money markets is mostly from depositors leaving banks, analysts said, not from investors waiting for deals.
The Richmond Fed president defined a soft landing as inflation returning to normal levels while the economy stays “healthy.”
Oppenheimer Asset Management says the focus will soon shift to the fourth-quarter earnings season.
Investors may see better performance from value, small-cap and international stocks, strategist Brad McMillan said.
The US equity benchmark has risen about 25% in 2023.
But home listings remain in short supply and prices are still out of reach for many Americans.
The seven largest U.S. tech stocks are expected to post 22% earnings growth next year.
These are the key themes as the S&P 500 nears its first all-time high in two years.
The global bond market is also marching toward its biggest two-month gain on record.
Expectations for a soft landing have lessened the need among investors to invest in "safe" tech giants.
Investors are leaving defensive measures behind and focusing on buying and holding the benchmark gauge.
He bemoaned the high regulatory burden faced by publicly traded companies.
Technology and industrials are among the bank's overweight positions.