It’s been a rough few years for bearish forecasters. Calls for a recession or a market crash have been mounting since 2022, and barring a slight blip here and there, downbeat prognosticators have basically gotten it all wrong. First, Federal Reserve rate hikes were supposed to throw the economy into recession. When that didn’t happen,…
Earlier this year, the “Sell America” trade was in full force. It can be argued that the peak of the movement came in April and May, after President Trump’s infamous “Liberation Day,” and as Moody’s downgraded the US’s credit rating. The yield on the 30-year Treasury bond surged above 5% as foreign investors dumped US…
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…
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