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'It better be different this time': BofA's Hartnett says the S&P's price-to-book valuation is higher than dotcom bubble top
Bank of America strategist Michael Hartnett says S&P 500 trades at 5.3 times price-to-book, driven by megacap tech and AI enthusiasm amid Fed rate cut hopes.
3 Articles
3 Articles
BofA shares eye-popping chart showing potential stock-market bubble
A trader works on the floor of the New York Stock Exchange during morning trading on August 13, 2025 in New York.ANGELA WEISS/AFP via Getty ImagesAI optimism is driving the S&P 500 price-to-book ratio to records, surpassing dot-com levels.High valuations reflect expectations for AI-driven earnings.While the ratio's level is head-turning, it doesn't necessitate that stocks are in a bubble.Stock-market bulls convinced of the power of AI to transfo…
Stock Valuations Echo Dotcom Era - PressReach
In the realm of financial markets, history often provides a lens through which we can interpret present conditions. Currently, Bank of America (BofA) has sounded a cautionary note, suggesting that the stock valuations we are witnessing bear uncanny similarities to those of the dotcom bubble in the late 1990s. This observation is not just a mere reflection but a critical analysis of the current market dynamics. Back in the 1990s, the dotcom boom …
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