Are we in a new tech bubble, this time fueled by excitement about AI? WSJ’s Christopher Mims and Tim Higgins talk to venture capitalist Martin Casado about the industry’s biggest bet in decades.Watch the latest Bold Names episode: https://t.co/zfdRCqWz4u ...

My next guest says the bull market is rolling on. Uh, and there's good reason for that to continue. Joining me now, Andrew Slimman, senior portfolio manager at Morgan Stanley Investment Management.Andrew, the first thing you say is that you worry about the bubble in the nonprofitable tech stocks. I thought that was the different the difference this time versus 1999. There aren't that many nonprofitable high-f flyers, are I mean, they're profitable, most of them, aren't they.Are they just rich in valuation. ...

This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: The chart of the day What we're watching What we're reading Economic data releases and earnings Can we stop with all this AI bubble talk, please? I get it. Those hunting for a dot-com style stock market explosion want to make names for themselves by predicting a bubble. Who doesn't want the fame and fortune associated with being right in a big way? Who doesn't want to spend a m ...

Arquette's feeling the push and pull of a lot of different factors. Can Griffin certainly concerned about how investors are seemingly viewing gold as a safer asset than the US dollar. Is this a concern you share.You know, not fully, because I think if you look at the dollar in, you know, there's always sort of a stock versus a flow that I think you have to approach for any asset class. I would, you know, keep the dollar in forex in that where, you know, coming into this year positioning in US dollars and th ...

Group 1: Currency and Gold Market Dynamics - The perception of gold as a safer asset compared to the US dollar is growing among investors, reflecting concerns about geopolitical risks and the dollar's status [1][7]. - The dollar remains strong in the forex market, but there are emerging trends that suggest a potential shift in investor sentiment towards gold [2][3]. - Despite the recent correction in the dollar, it is not expected to lead to a significant turnaround in its status as a global currency [5][8]. Group 2: Sentiment and Investment Strategies - Gold is viewed as a sentiment gauge rather than a traditional investment, as it does not generate income but reflects market sentiment [6][10]. - The current surge in gold prices is not accompanied by a defensive trade in US equity markets, indicating a complex relationship between these asset classes [7][8]. - Diversification into various asset classes, including gold, is becoming increasingly important for investors, especially younger ones entering the market [11][12]. Group 3: Tech Sector and Market Concentration - The concentration of the top ten stocks in the S&P 500, which account for 41% of the index, poses a risk due to their significant influence on market movements [20][21]. - Historical comparisons to the tech bubble of the late 1990s highlight the unique nature of market cycles, suggesting that current conditions may not mirror past events [19][20]. - Investors are advised to consider strategies to mitigate volatility associated with concentrated positions in the tech sector [21][22].

Bubble-risk perception surrounding tech stocks is still fairly mild versus what it was back in 2021, says Deutsche Bank. ...

Economic Overview - The current economic data indicates strong performance, with corporate earnings being robust and consumer spending showing resilience despite inflation and tariffs [3][9][10] - Personal spending increased by 0.6%, highlighting consumer strength in the face of economic challenges [9] Market Sentiment - The market rally is not as broad as desired, with low-quality stocks and Bitcoin-related names leading the way [2] - There is a prevailing sentiment that the market may be overly optimistic about the next nine months, with some analysts expressing caution [8] Tariffs and Inflation - Recent data suggests that goods likely to be affected by tariffs are increasing in price, but the overall inflation impact has been less severe than anticipated [6][7] - The Federal Reserve Chair noted that tariffs have not significantly driven up inflation, which is seen as a positive outcome [7] Consumer Behavior - Despite rising costs and economic pressures, consumer spending remains strong, with reports from various retailers indicating that price increases have not deterred spending [10][13] - The luxury market is thriving, with consumers continuing to spend on higher-priced goods and services [10] Stock Market Dynamics - There are currently 120 stocks at 52-week highs, with a notable presence of financials and industrials alongside technology stocks [20] - The technology sector is performing well, but there are significant contributions from other sectors, indicating a diverse market landscape [19][20]