The AI bubble looks fit to burst, Bank of America director says. Here’s your road map for riding out a crash
View original at finance.yahoo.comThe AI bubble looks fit to burst, Bank of America director says. Here’s your road map for riding out a crash Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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The bull & bear indicator is at an extreme high level
60% confidenceThe AI bubble looks fit to burst and investors should prepare for a correction
60% confidenceThe current market exhibits 'speculative' and 'exponential price action'
60% confidenceInvestors should lean into bonds as a defensive strategy to mitigate damage from a potential equity market correction
60% confidenceOnly 21 stocks led the S&P 500 to its recent record closing high, mirroring the 20 stocks that drove the index at the dot-com bubble's peak in 2000
60% confidenceOnly 10 stocks comprise two-fifths (40%) of the S&P 500's total index power, reflecting extreme concentration
60% confidenceFirms that have yet to produce earnings are overvalued relative to their stock price
60% confidenceMore than 330 S&P 500 components are currently trading 20-40% below their previous highs
60% confidence
