The market surges frantically, ignoring geopolitical and valuation concerns. Wall Street bulls say fears about the AI bull market are groundless.
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(1) The market continues to surge with enthusiasm, ignoring geopolitical conflicts and concerns over high valuations. (2) However, there is growing unease about the AI-driven bull market. (3) But some Wall Street bulls believe that this fear of the unknown is simply unwarranted. Steve Chiavarone, Deputy Chief Investment Officer of Global Equities at Federated Hermes, stated that there is currently no bubble; a real bubble would make today’s valuations look modest.
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