The AI trade is a bubble in its late stage
The guest argued the AI thematic trade is unambiguously a bubble, characterized by extreme outperformance, exponential price moves, and a self-referential capital expenditure cycle.
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The Callback
Broad index funds for wealth vs gambling
17 weeks between these two statements.
The guest argued the current market environment feels increasingly like 1999, characterized by investor complacency, a fear of missing out, and the belief that one can exit a speculative bubble before it pops.
The guest argued the AI thematic trade is unambiguously a bubble, characterized by extreme outperformance, exponential price moves, and a self-referential capital expenditure cycle.