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Inside the Everything Bubble
Forbes Middle East - English
|Forbes ME December English Issue
FROM AN AI-FUELED STOCK RALLY TO RECORD-HIGH GOLD, THE SIGNS ARE STACKING UP THAT NEARLY EVERY ASSET CLASS IS DUE FOR A RECKONING.
Asset bubbles give off a scent. Stocks far outpace earnings. Junk debt looks gold-plated. But, no matter how good the rally feels, eventually skepticism arises. The question is whether the smoke alarm is chirping from a dead battery or fire?
The S&P 500 sits at 6,700, nearly double what it was five years ago. The Magnificent 7 tech titans are the rocket fuel. They account for nearly 40% of the index and they're placing trillion dollar bets that AI rewires the world.
This story is from the Forbes ME December English Issue edition of Forbes Middle East - English.
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