A top Wall Street economist is sounding the alarm on sky-high valuations in AI stocks — and drawing comparisons to the tech bubble of the late 1990s. “Yes, AI will do incredible things for all of us,” Torsten Sløk, chief economist at Apollo Global Management, said on Yahoo Finance’s Opening Bid. “But does that mean…
Investing.com — Apollo Global Chief Economist Torsten Sløk is sounding the alarm on what he sees as an even more inflated market than the one that led to the dot-com crash. In a striking warning today, Sløk said, “The difference between the IT bubble in the 1990s and the AI bubble today is that the…
TIMOTHY A. CLARY/AFP via Getty Images 2025-06-18T17:52:40Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Apollo…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you find your favorite podcasts. If there is shock coming to markets, it could arrive this summer. And it could be in the form of a rate hike from the Federal Reserve. Apollo Global Management chief economist Torsten Slok says the US…
Some Wall Street forecasters think the Fed could deliver its last rate cut for a while this week. A resilient economy and a reversal of the disinflation trend suggest rate more cuts aren’t needed for now. Some predict a pause at coming meetings, with the potential for hikes to even resume in 2025. The outlook…