BofA On AI Bubble Watch: "Today Looks More Like '95 Than '99"

US equity momentum near 100yr highs earlier this year...

bofa on ai bubble watch today looks more like 95 than 99

...and the dominance of just a handful of US tech stocks (the “Magnificent 7” are larger than the 2nd - 5th largest countries by market cap)...

Authored by Tyler Durden via ZeroHedge June 7th 2024