Speculative A.I. Melt Up – FOMO is Alive and Well
The 2023 stock market rally is built upon a speculative melt up of a handful of stocks.
STOCK MARKET RETURN -13% WITHOUT A HANDFUL OF STOCKS
If it wasn’t for a small number of mega cap stocks the 2020 stock market return is negative.
VALUATION UPDATE 2020 Q2
Although the stock market has had a big correction, valuations remain in record high territory.