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Inside The Bubble
I don't want to suggest Wall Street strategists are engaged in an effort to "explain away" or otherwise justify what might be viewed, with the benefit of hindsight, as an "obvious" bubble, but... well, let's just say that's the conclusion you might be inclined to draw in early 2024 if you're predisposed to sarcastic derision.
Let's be clear: It's notoriously difficult to spot a bubble when you're inside of one. Bears and self-declared "contrarians" will tell you successfully identifying specula
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Nvidia (or the S and P 1) is the stock that this all seems to hinge on. I keep casting my mind back 30 years to my first economics lessons when we were taught about commodity cycles and thinking, yep, that’s basically what’s gonna happen. Only difference being that this is the first time in recorded history where there’s a 2-trillion dollar company in the mix.