Futures are higher during pre-market as trading gets going for the new year
In case you’re not aware, S&P 500 posted 23% gain for 2024. It rose more than 50% in last 2 years, largest gain since 1997 - driven by hype in AI. But what followed after 1997-1998 was the 2000 dot com bubble
Right now, AI revolution seems doing well, and many are saying that this is not a bubble because the rich valuations are backed by companies’ earnings.
What do you think?