Stock Market Outlook: S&P 500 Could Soar 30% by 2026, Market Vet Says
The stock market risks a "meltup" as investor fanaticism over AI gets out of control, according to Ed Yardeni.
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The stock market risks a "meltup" as investor fanaticism over AI gets out of control, according to Ed Yardeni.
"The S&P 500 is now heavily weighted to Big Tech, and this group exhibits both higher valuations and price volatility than the average company."
Smead Capital drew parallels between today's stock market and the Tulip Mania of 1636 and the South Sea Bubble of 1720.
Experts such as billionaire investors Jeremy Grantham and Bill Gross have recently suggested US stocks are overvalued. Wharton professor Jeremy Siegel rejects the notion, saying they are in fact "underpriced".
Regulation threatens the new economy