Howard Marks said the pattern of investor enthusiasm and capital flows into AI is typical: a revolutionary idea excites early adopters, enviable gains lure in the crowd, and prices begin to run far ahead of what is reasonably predictable.
The US market is “deeply into” bubble territory, marked by classic warning signs seen in past market manias, warned Richard Harris, executive director at Port Shelter Investment Management. His warning came on a day when the US markets extended gains to record closing highs.
Lamont is Vice President and Portfolio Manager at Acadian Asset Management, a firm with more than $100 billion AUM
The US is in the grip of “three and a half bubbles”, according to GMO’s chief investment strategist Grantham
History will judge the bubblets of 2021 by what they leave behind, not just by how far they correct from here, says Ruchir Sharma
The ESG stock frenzy of today, however egregious, may yet translate into a better tomorrow
Market speculation has reached a frenzied level not seen since the tail end of the dot-com boom two decades ago
After a dramatic rebound from the coronavirus crash last March, benchmark equity indices have toppled a series of record highs in the early days of 2021
While there are pockets of the markets that stand to gain in the post pandemic world, many of these stocks will have factored in earnings of many years to justify their current valuation
Commodities collapse signals reprieve for U.S. dollar