Bank of America is now persistently bearish on the AI bubble!

Hartnett stated that the current capital misallocation is much more severe than what was observed in 1999 and 2000—

the weight of tech stocks in the S&P 500 has reached historical extremes, about 35% higher than the peak during the internet bubble in 2000.

In fact, only a few giants are lifting the market, while a large number of stocks have already exited bear market declines.

Bank of America believes that the current U.S. stock market exhibits several typical characteristics of a late-stage bubble:

strong indices, breadth issues, extreme concentration among leaders, funds reluctant to exit, and narrative overwhelming price discipline.

This is also very enlightening for Crypto:

the fantasy of the AI bubble spilling over into the crypto space has not only not occurred, but once the U.S. stock market enters a crowded pullback, $BTC is likely to be treated as a high beta risk asset and sold off first, especially leveraged positions and altcoins, which will be disastrous.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。