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Raymond Johnson
09-13
Just another opinion.
Five Warning Signs the AI Stock Bubble is in Its Final Stages
Raymond Johnson
08-10
It's fine
Raymond Johnson
08-10
Not good enough
Go to Tiger App to see more news
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","listText":"Just another opinion. ","text":"Just another opinion.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/607246802989448","repostId":"2666407579","repostType":2,"repost":{"id":"2666407579","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1789265228,"share":"https://ttm.financial/m/news/2666407579?lang=en_US&edition=fundamental","pubTime":"2026-09-13 10:07","market":"hk","language":"en","title":"Five Warning Signs the AI Stock Bubble is in Its Final Stages","url":"https://stock-news.laohu8.com/highlight/detail?id=2666407579","media":"Dow Jones","summary":"Stocks' rough patch doesn't mean the rally is at an end, but it could signal the finish line is closer than bulls hope.The S&P 500 has had a difficult month: As of Thursday's close it had fallen 2.7% ","content":"<html><head></head><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n Stocks' rough patch doesn't mean the rally is at an end, but it could signal the finish line is closer than bulls hope. \n</p>\n<p>\n The S&P 500 has had a difficult month: As of Thursday's close it had fallen 2.7% from its record close of 7798.99, reached on August 13. Part of that may be typical seasonal weakness, since August is historically a difficult month for the market, as is September. But with the index still up more than 10% so far in 2026, on track for its fourth year of double-digit gains, some investors are naturally questioning whether the recent declines indicate that the artificial intelligence-fueled run is finally starting to lose steam. \n</p>\n<p>\n Capital Economics Senior Markets Economist James Reilly thinks that while that's unlikely to happen this year, the end may not be far off: "Looking across a range of equity market 'bubble' indicators supports our view that while the S&P 500's rally has further to run this year, its medium-term prospects are poor given how frothy the market looks," he writes in a note Thursday. \n</p>\n<p>\n The range of factors his firm tracks shows that even if things are unlikely to come to a head now, the AI boom may be entering its final stretch. "They suggest the AI equity boom is in its final stages...the data look consistent with a late-stage bubble," Reilly writes. \n</p>\n<p>\n Out of eight indicators, five are now at extremes that are consistent with equities nearing a peak. \n</p>\n<p>\n Valuation is a red flag. Although the S&P 500's forward price-to-earnings ratio is now around 21 times, having pulled back from its late 2025 peak of 23 times, and U.S. valuations have fallen relative to those in markets elsewhere, there was a similar pattern of U.S. underperformance from 1999 to 2000. That means the recent pullback "is hardly a surefire sign the U.S. market is not in a bubble." \n</p>\n<p>\n Likewise, that multiple still implies "very punchy earnings growth," as Reilly puts it. \n</p>\n<p>\n Consensus earnings per share for the next 12 months are now at levels that correspond with the peak of the dot-com bubble, and unlike prior instances, the lofty forecasts can't be explained away by a rebound from prior weakness. The fact that so much of this expected earnings growth is projected over the long term and concentrated in the tech sector makes this doubly concerning, he writes. \n</p>\n<p>\n Speaking of tech, the current S&P 500 "concentration is alarming," he notes, as the weights of the largest companies-all of which are tech-related-are at extreme levels. Both Nvidia and Apple recently accounted for more than 7% of the S&P 500, while Microsoft accounted for more than 5%. \n</p>\n<p>\n Tech is also behind the next worry: Equity issuance is booming, another hallmark of a late-stage bubble. That metric could look even more extreme as AI giants OpenAI and Anthropic move toward highly anticipated initial public offerings. \n</p>\n<p>\n And finally, foreign interest in U.S. equities has surged, much like it did before prior peaks. \n</p>\n<p>\n The other three factors-corporate fundamentals, volatility and leverage-aren't at extremes that would signal trouble. However, with valuation, earnings, index concentration, equity issuance, and foreign ownership of U.S. stocks all flashing red, Reilly warns trouble could be creeping closer. \n</p>\n<p>\n He predicts the S&P 500 will rally to 8250 by the end of the year, but fall back to 6500 by the end of 2027. \n</p>\n<p>\n Investors should enjoy the party while it lasts. \n</p>\n<pre style=\"white-space: pre\"> \n</pre>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Warning Signs the AI Stock Bubble is in Its Final Stages</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFive Warning Signs the AI Stock Bubble is in Its Final Stages\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-13 10:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n Stocks' rough patch doesn't mean the rally is at an end, but it could signal the finish line is closer than bulls hope. \n</p>\n<p>\n The S&P 500 has had a difficult month: As of Thursday's close it had fallen 2.7% from its record close of 7798.99, reached on August 13. Part of that may be typical seasonal weakness, since August is historically a difficult month for the market, as is September. But with the index still up more than 10% so far in 2026, on track for its fourth year of double-digit gains, some investors are naturally questioning whether the recent declines indicate that the artificial intelligence-fueled run is finally starting to lose steam. \n</p>\n<p>\n Capital Economics Senior Markets Economist James Reilly thinks that while that's unlikely to happen this year, the end may not be far off: "Looking across a range of equity market 'bubble' indicators supports our view that while the S&P 500's rally has further to run this year, its medium-term prospects are poor given how frothy the market looks," he writes in a note Thursday. \n</p>\n<p>\n The range of factors his firm tracks shows that even if things are unlikely to come to a head now, the AI boom may be entering its final stretch. "They suggest the AI equity boom is in its final stages...the data look consistent with a late-stage bubble," Reilly writes. \n</p>\n<p>\n Out of eight indicators, five are now at extremes that are consistent with equities nearing a peak. \n</p>\n<p>\n Valuation is a red flag. Although the S&P 500's forward price-to-earnings ratio is now around 21 times, having pulled back from its late 2025 peak of 23 times, and U.S. valuations have fallen relative to those in markets elsewhere, there was a similar pattern of U.S. underperformance from 1999 to 2000. That means the recent pullback "is hardly a surefire sign the U.S. market is not in a bubble." \n</p>\n<p>\n Likewise, that multiple still implies "very punchy earnings growth," as Reilly puts it. \n</p>\n<p>\n Consensus earnings per share for the next 12 months are now at levels that correspond with the peak of the dot-com bubble, and unlike prior instances, the lofty forecasts can't be explained away by a rebound from prior weakness. The fact that so much of this expected earnings growth is projected over the long term and concentrated in the tech sector makes this doubly concerning, he writes. \n</p>\n<p>\n Speaking of tech, the current S&P 500 "concentration is alarming," he notes, as the weights of the largest companies-all of which are tech-related-are at extreme levels. Both Nvidia and Apple recently accounted for more than 7% of the S&P 500, while Microsoft accounted for more than 5%. \n</p>\n<p>\n Tech is also behind the next worry: Equity issuance is booming, another hallmark of a late-stage bubble. That metric could look even more extreme as AI giants OpenAI and Anthropic move toward highly anticipated initial public offerings. \n</p>\n<p>\n And finally, foreign interest in U.S. equities has surged, much like it did before prior peaks. \n</p>\n<p>\n The other three factors-corporate fundamentals, volatility and leverage-aren't at extremes that would signal trouble. However, with valuation, earnings, index concentration, equity issuance, and foreign ownership of U.S. stocks all flashing red, Reilly warns trouble could be creeping closer. \n</p>\n<p>\n He predicts the S&P 500 will rally to 8250 by the end of the year, but fall back to 6500 by the end of 2027. \n</p>\n<p>\n Investors should enjoy the party while it lasts. \n</p>\n<pre style=\"white-space: pre\"> \n</pre>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VV":"Vanguard Large-Cap ETF","JEPI":"JPMorgan Equity Premium Income ETF","TSPY":"TappAlpha SPY Growth & Daily Income ETF",".DJI":"道琼斯","NOBL":"ProShares S&P 500 Aristocrats ETF","VOO":"Vanguard标普500ETF","RSP":"平均加权指数ETF-Rydex S&P","XDTE":"Roundhill S&P 500 0DTE Covered Call Strategy ETF","IVV":"标普500ETF-iShares","SPYD":"SPDR Portfolio S&P 500 High Dividend ETF","SH":"做空标普500-Proshares","SFY":"SoFi Select 500 ETF","ALLW":"SPDR BRIDGEWATER ALL WEATHER ETF","MMAX":"iShares Large Cap Max Buffer Mar ETF","UPRO":"三倍做多标普500ETF-ProShares","RSPA":"Invesco S&P 500 Equal Weight Income Advantage ETF","SCHB":"Schwab US Broad Market ETF","SPXL":"三倍做多标普500ETF-Direxion","SPYG":"SPDR Portfolio S&P 500 Growth ETF","IJH":"标普中型股400指数ETF-iShares","VOOG":"Vanguard标普500成长ETF","SPYH":"Neos S&P 500 Hedged Equity Income ETF","RSPU":"Invesco S&P 500 Equal Weight Utilities ETF","SPXS":"三倍做空标普500ETF-Direxion","ITOT":"安硕核心标普全美股市ETF-iShares","SPMO":"Invesco S&P 500 Momentum ETF","YSPY":"GraniteShares YieldBOOST SPY ETF","GSLC":"Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF","SPHQ":"Invesco S&P 500 Quality ETF","MOAT":"VanEck Morningstar Wide Moat ETF","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares","SPYM":"投资组合标普500指数ETF-SPDR","DBSC":"Deepwater Beachfront Small Cap ETF","VTI":"大盘指数ETF-Vanguard MSCI","SPHD":"标普500高股利投资组合ETF-PowerShares","ETFT":"Fundsmith Equity ETF","XYLD":"Global X S&P 500 Covered Call ETF","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","BMAY":"Innovator U.S. Equity Buffer ETF - May","SPXU":"三倍做空标普500ETF-ProShares","HIBS":"Direxion Daily S&P 500 High Beta Bear 3X ETF","VEU":"Vanguard FTSE All-World ex-US ETF","XLG":"Invesco S&P 500 Top 50 ETF","SPYQ":"2倍做多SPY Quarterly ETF-Tradr","IJR":"标普小型股600指数ETF-iShares","IVW":"标普500成长股指数ETF-iShares","IVE":"标普500价值指数ETF-iShares","SCHX":"Schwab US Large-Cap ETF","SPLV":"Invesco S&P 500 Low Volatility ETF","SPGP":"Invesco S&P 500 GARP ETF","SPUU":"Direxion Daily S&P 500 Bull 2x Shares","ACWI":"MSCI全球ETF-iShares","SPY":"标普500ETF","SPYU":"MAX S&P 500 4X Leveraged ETN","SDS":"两倍做空标普500 ETF-ProShares",".SPX":"S&P 500 Index","GPIX":"GOLDMAN SACHS S&P 500 CORE PREMIUM INCOME ETF","SPYV":"SPDR Portfolio S&P 500 Value ETF","VTV":"Vanguard Value ETF","DMAX":"ISHARES LARGE CAP MAX BUFFER DEC ETF","SPUS":"SP Funds S&P 500 Sharia Industry Exclusions ETF","VBK":"美国小盘成长股ETF-Vanguard","SMAX":"ISHARES LARGE CAP MAX BUFFER SEP ETF","RSPN":"Invesco S&P 500 Equal Weight Industrials ETF",".IXIC":"NASDAQ Composite","SSO":"2倍做多标普500ETF-ProShares"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2666407579","content_text":"Stocks' rough patch doesn't mean the rally is at an end, but it could signal the finish line is closer than bulls hope. \n\n\n The S&P 500 has had a difficult month: As of Thursday's close it had fallen 2.7% from its record close of 7798.99, reached on August 13. Part of that may be typical seasonal weakness, since August is historically a difficult month for the market, as is September. But with the index still up more than 10% so far in 2026, on track for its fourth year of double-digit gains, some investors are naturally questioning whether the recent declines indicate that the artificial intelligence-fueled run is finally starting to lose steam. \n\n\n Capital Economics Senior Markets Economist James Reilly thinks that while that's unlikely to happen this year, the end may not be far off: \"Looking across a range of equity market 'bubble' indicators supports our view that while the S&P 500's rally has further to run this year, its medium-term prospects are poor given how frothy the market looks,\" he writes in a note Thursday. \n\n\n The range of factors his firm tracks shows that even if things are unlikely to come to a head now, the AI boom may be entering its final stretch. \"They suggest the AI equity boom is in its final stages...the data look consistent with a late-stage bubble,\" Reilly writes. \n\n\n Out of eight indicators, five are now at extremes that are consistent with equities nearing a peak. \n\n\n Valuation is a red flag. Although the S&P 500's forward price-to-earnings ratio is now around 21 times, having pulled back from its late 2025 peak of 23 times, and U.S. valuations have fallen relative to those in markets elsewhere, there was a similar pattern of U.S. underperformance from 1999 to 2000. That means the recent pullback \"is hardly a surefire sign the U.S. market is not in a bubble.\" \n\n\n Likewise, that multiple still implies \"very punchy earnings growth,\" as Reilly puts it. \n\n\n Consensus earnings per share for the next 12 months are now at levels that correspond with the peak of the dot-com bubble, and unlike prior instances, the lofty forecasts can't be explained away by a rebound from prior weakness. The fact that so much of this expected earnings growth is projected over the long term and concentrated in the tech sector makes this doubly concerning, he writes. \n\n\n Speaking of tech, the current S&P 500 \"concentration is alarming,\" he notes, as the weights of the largest companies-all of which are tech-related-are at extreme levels. Both Nvidia and Apple recently accounted for more than 7% of the S&P 500, while Microsoft accounted for more than 5%. \n\n\n Tech is also behind the next worry: Equity issuance is booming, another hallmark of a late-stage bubble. That metric could look even more extreme as AI giants OpenAI and Anthropic move toward highly anticipated initial public offerings. \n\n\n And finally, foreign interest in U.S. equities has surged, much like it did before prior peaks. \n\n\n The other three factors-corporate fundamentals, volatility and leverage-aren't at extremes that would signal trouble. However, with valuation, earnings, index concentration, equity issuance, and foreign ownership of U.S. stocks all flashing red, Reilly warns trouble could be creeping closer. \n\n\n He predicts the S&P 500 will rally to 8250 by the end of the year, but fall back to 6500 by the end of 2027. \n\n\n Investors should enjoy the party while it lasts.","news_type":1,"symbols_score_info":{"SPYV":0.6,"GPIX":0.6,"IVW":0.6,"IVE":0.6,"SPUU":0.6,"SPDN":0.6,"HIBL":0.6,"VTV":0.6,"IVV":0.6,"HIBS":0.6,"VEU":0.6,"MOAT":0.6,"GSLC":0.6,"SPGP":0.6,"SPYH":0.6,"IJR":0.6,"UPRO":0.6,"SPYD":0.6,"VBK":0.6,"ACWI":0.6,"ITOT":0.6,"ALLW":0.6,"SPYU":0.6,"BMAY":0.6,"RSPU":0.6,"SPXU":0.6,".SPX":1.96,".DJI":2,"MMAX":0.6,"DMAX":0.6,"SDS":0.6,"SPMO":0.6,"SPY":0.6,"SPYG":0.6,"SCHX":0.6,"RSPA":0.6,"VV":0.6,"YSPY":0.6,".IXIC":2,"VOO":0.6,"JEPI":0.6,"SPYM":0.6,"SH":0.6,"VTI":0.6,"SMAX":0.6,"SFY":0.6,"SPHD":0.6,"ETFT":0.6,"XLG":0.6,"DBSC":0.6,"IJH":0.6,"TSPY":0.6,"RSP":0.6,"RSPN":0.6,"SPHQ":0.6,"SPYQ":0.6,"NOBL":0.6,"XYLD":0.6,"SCHB":0.6,"SPUS":0.6,"XDTE":0.6,"SPXL":0.6,"VOOG":0.6,"SPXS":0.6,"SSO":0.6,"SPLV":0.6}},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":595305567241040,"gmtCreate":1786364955028,"gmtModify":1786366364958,"author":{"id":"4215851015367312","authorId":"4215851015367312","name":"Raymond Johnson","avatar":"https://community-static.tradeup.com/news/039075bcc1634d813b898e4b9839a316","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4215851015367312","idStr":"4215851015367312"},"themes":[],"title":"","htmlText":"It's fine","listText":"It's fine","text":"It's fine","images":[{"img":"https://community-static.tradeup.com/news/2e70838637ed17e6f0164986f5377e3f","width":"1125","height":"1476"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/595305567241040","isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":595305093726760,"gmtCreate":1786364934636,"gmtModify":1786366360699,"author":{"id":"4215851015367312","authorId":"4215851015367312","name":"Raymond Johnson","avatar":"https://community-static.tradeup.com/news/039075bcc1634d813b898e4b9839a316","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4215851015367312","idStr":"4215851015367312"},"themes":[],"title":"","htmlText":"Not good enough","listText":"Not good enough","text":"Not good enough","images":[{"img":"https://community-static.tradeup.com/news/19f023fc6ab16fb64b31f3109d1f3e5c","width":"1125","height":"1476"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/595305093726760","isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":607246802989448,"gmtCreate":1789272680002,"gmtModify":1789276119953,"author":{"id":"4215851015367312","authorId":"4215851015367312","name":"Raymond Johnson","avatar":"https://community-static.tradeup.com/news/039075bcc1634d813b898e4b9839a316","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4215851015367312","authorIdStr":"4215851015367312"},"themes":[],"title":"","htmlText":"Just another opinion. ","listText":"Just another opinion. ","text":"Just another opinion.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/607246802989448","repostId":"2666407579","repostType":2,"repost":{"id":"2666407579","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1789265228,"share":"https://ttm.financial/m/news/2666407579?lang=en_US&edition=fundamental","pubTime":"2026-09-13 10:07","market":"hk","language":"en","title":"Five Warning Signs the AI Stock Bubble is in Its Final Stages","url":"https://stock-news.laohu8.com/highlight/detail?id=2666407579","media":"Dow Jones","summary":"Stocks' rough patch doesn't mean the rally is at an end, but it could signal the finish line is closer than bulls hope.The S&P 500 has had a difficult month: As of Thursday's close it had fallen 2.7% ","content":"<html><head></head><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n Stocks' rough patch doesn't mean the rally is at an end, but it could signal the finish line is closer than bulls hope. \n</p>\n<p>\n The S&P 500 has had a difficult month: As of Thursday's close it had fallen 2.7% from its record close of 7798.99, reached on August 13. Part of that may be typical seasonal weakness, since August is historically a difficult month for the market, as is September. But with the index still up more than 10% so far in 2026, on track for its fourth year of double-digit gains, some investors are naturally questioning whether the recent declines indicate that the artificial intelligence-fueled run is finally starting to lose steam. \n</p>\n<p>\n Capital Economics Senior Markets Economist James Reilly thinks that while that's unlikely to happen this year, the end may not be far off: "Looking across a range of equity market 'bubble' indicators supports our view that while the S&P 500's rally has further to run this year, its medium-term prospects are poor given how frothy the market looks," he writes in a note Thursday. \n</p>\n<p>\n The range of factors his firm tracks shows that even if things are unlikely to come to a head now, the AI boom may be entering its final stretch. "They suggest the AI equity boom is in its final stages...the data look consistent with a late-stage bubble," Reilly writes. \n</p>\n<p>\n Out of eight indicators, five are now at extremes that are consistent with equities nearing a peak. \n</p>\n<p>\n Valuation is a red flag. Although the S&P 500's forward price-to-earnings ratio is now around 21 times, having pulled back from its late 2025 peak of 23 times, and U.S. valuations have fallen relative to those in markets elsewhere, there was a similar pattern of U.S. underperformance from 1999 to 2000. That means the recent pullback "is hardly a surefire sign the U.S. market is not in a bubble." \n</p>\n<p>\n Likewise, that multiple still implies "very punchy earnings growth," as Reilly puts it. \n</p>\n<p>\n Consensus earnings per share for the next 12 months are now at levels that correspond with the peak of the dot-com bubble, and unlike prior instances, the lofty forecasts can't be explained away by a rebound from prior weakness. The fact that so much of this expected earnings growth is projected over the long term and concentrated in the tech sector makes this doubly concerning, he writes. \n</p>\n<p>\n Speaking of tech, the current S&P 500 "concentration is alarming," he notes, as the weights of the largest companies-all of which are tech-related-are at extreme levels. Both Nvidia and Apple recently accounted for more than 7% of the S&P 500, while Microsoft accounted for more than 5%. \n</p>\n<p>\n Tech is also behind the next worry: Equity issuance is booming, another hallmark of a late-stage bubble. That metric could look even more extreme as AI giants OpenAI and Anthropic move toward highly anticipated initial public offerings. \n</p>\n<p>\n And finally, foreign interest in U.S. equities has surged, much like it did before prior peaks. \n</p>\n<p>\n The other three factors-corporate fundamentals, volatility and leverage-aren't at extremes that would signal trouble. However, with valuation, earnings, index concentration, equity issuance, and foreign ownership of U.S. stocks all flashing red, Reilly warns trouble could be creeping closer. \n</p>\n<p>\n He predicts the S&P 500 will rally to 8250 by the end of the year, but fall back to 6500 by the end of 2027. \n</p>\n<p>\n Investors should enjoy the party while it lasts. \n</p>\n<pre style=\"white-space: pre\"> \n</pre>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Warning Signs the AI Stock Bubble is in Its Final Stages</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFive Warning Signs the AI Stock Bubble is in Its Final Stages\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-13 10:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n Stocks' rough patch doesn't mean the rally is at an end, but it could signal the finish line is closer than bulls hope. \n</p>\n<p>\n The S&P 500 has had a difficult month: As of Thursday's close it had fallen 2.7% from its record close of 7798.99, reached on August 13. Part of that may be typical seasonal weakness, since August is historically a difficult month for the market, as is September. But with the index still up more than 10% so far in 2026, on track for its fourth year of double-digit gains, some investors are naturally questioning whether the recent declines indicate that the artificial intelligence-fueled run is finally starting to lose steam. \n</p>\n<p>\n Capital Economics Senior Markets Economist James Reilly thinks that while that's unlikely to happen this year, the end may not be far off: "Looking across a range of equity market 'bubble' indicators supports our view that while the S&P 500's rally has further to run this year, its medium-term prospects are poor given how frothy the market looks," he writes in a note Thursday. \n</p>\n<p>\n The range of factors his firm tracks shows that even if things are unlikely to come to a head now, the AI boom may be entering its final stretch. "They suggest the AI equity boom is in its final stages...the data look consistent with a late-stage bubble," Reilly writes. \n</p>\n<p>\n Out of eight indicators, five are now at extremes that are consistent with equities nearing a peak. \n</p>\n<p>\n Valuation is a red flag. Although the S&P 500's forward price-to-earnings ratio is now around 21 times, having pulled back from its late 2025 peak of 23 times, and U.S. valuations have fallen relative to those in markets elsewhere, there was a similar pattern of U.S. underperformance from 1999 to 2000. That means the recent pullback "is hardly a surefire sign the U.S. market is not in a bubble." \n</p>\n<p>\n Likewise, that multiple still implies "very punchy earnings growth," as Reilly puts it. \n</p>\n<p>\n Consensus earnings per share for the next 12 months are now at levels that correspond with the peak of the dot-com bubble, and unlike prior instances, the lofty forecasts can't be explained away by a rebound from prior weakness. The fact that so much of this expected earnings growth is projected over the long term and concentrated in the tech sector makes this doubly concerning, he writes. \n</p>\n<p>\n Speaking of tech, the current S&P 500 "concentration is alarming," he notes, as the weights of the largest companies-all of which are tech-related-are at extreme levels. Both Nvidia and Apple recently accounted for more than 7% of the S&P 500, while Microsoft accounted for more than 5%. \n</p>\n<p>\n Tech is also behind the next worry: Equity issuance is booming, another hallmark of a late-stage bubble. That metric could look even more extreme as AI giants OpenAI and Anthropic move toward highly anticipated initial public offerings. \n</p>\n<p>\n And finally, foreign interest in U.S. equities has surged, much like it did before prior peaks. \n</p>\n<p>\n The other three factors-corporate fundamentals, volatility and leverage-aren't at extremes that would signal trouble. However, with valuation, earnings, index concentration, equity issuance, and foreign ownership of U.S. stocks all flashing red, Reilly warns trouble could be creeping closer. \n</p>\n<p>\n He predicts the S&P 500 will rally to 8250 by the end of the year, but fall back to 6500 by the end of 2027. \n</p>\n<p>\n Investors should enjoy the party while it lasts. \n</p>\n<pre style=\"white-space: pre\"> \n</pre>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VV":"Vanguard Large-Cap ETF","JEPI":"JPMorgan Equity Premium Income ETF","TSPY":"TappAlpha SPY Growth & Daily Income ETF",".DJI":"道琼斯","NOBL":"ProShares S&P 500 Aristocrats ETF","VOO":"Vanguard标普500ETF","RSP":"平均加权指数ETF-Rydex S&P","XDTE":"Roundhill S&P 500 0DTE Covered Call Strategy ETF","IVV":"标普500ETF-iShares","SPYD":"SPDR Portfolio S&P 500 High Dividend ETF","SH":"做空标普500-Proshares","SFY":"SoFi Select 500 ETF","ALLW":"SPDR BRIDGEWATER ALL WEATHER ETF","MMAX":"iShares Large Cap Max Buffer Mar ETF","UPRO":"三倍做多标普500ETF-ProShares","RSPA":"Invesco S&P 500 Equal Weight Income Advantage ETF","SCHB":"Schwab US Broad Market ETF","SPXL":"三倍做多标普500ETF-Direxion","SPYG":"SPDR Portfolio S&P 500 Growth ETF","IJH":"标普中型股400指数ETF-iShares","VOOG":"Vanguard标普500成长ETF","SPYH":"Neos S&P 500 Hedged Equity Income ETF","RSPU":"Invesco S&P 500 Equal Weight Utilities ETF","SPXS":"三倍做空标普500ETF-Direxion","ITOT":"安硕核心标普全美股市ETF-iShares","SPMO":"Invesco S&P 500 Momentum ETF","YSPY":"GraniteShares YieldBOOST SPY ETF","GSLC":"Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF","SPHQ":"Invesco S&P 500 Quality ETF","MOAT":"VanEck Morningstar Wide Moat ETF","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares","SPYM":"投资组合标普500指数ETF-SPDR","DBSC":"Deepwater Beachfront Small Cap ETF","VTI":"大盘指数ETF-Vanguard MSCI","SPHD":"标普500高股利投资组合ETF-PowerShares","ETFT":"Fundsmith Equity ETF","XYLD":"Global X S&P 500 Covered Call ETF","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","BMAY":"Innovator U.S. Equity Buffer ETF - May","SPXU":"三倍做空标普500ETF-ProShares","HIBS":"Direxion Daily S&P 500 High Beta Bear 3X ETF","VEU":"Vanguard FTSE All-World ex-US ETF","XLG":"Invesco S&P 500 Top 50 ETF","SPYQ":"2倍做多SPY Quarterly ETF-Tradr","IJR":"标普小型股600指数ETF-iShares","IVW":"标普500成长股指数ETF-iShares","IVE":"标普500价值指数ETF-iShares","SCHX":"Schwab US Large-Cap ETF","SPLV":"Invesco S&P 500 Low Volatility ETF","SPGP":"Invesco S&P 500 GARP ETF","SPUU":"Direxion Daily S&P 500 Bull 2x Shares","ACWI":"MSCI全球ETF-iShares","SPY":"标普500ETF","SPYU":"MAX S&P 500 4X Leveraged ETN","SDS":"两倍做空标普500 ETF-ProShares",".SPX":"S&P 500 Index","GPIX":"GOLDMAN SACHS S&P 500 CORE PREMIUM INCOME ETF","SPYV":"SPDR Portfolio S&P 500 Value ETF","VTV":"Vanguard Value ETF","DMAX":"ISHARES LARGE CAP MAX BUFFER DEC ETF","SPUS":"SP Funds S&P 500 Sharia Industry Exclusions ETF","VBK":"美国小盘成长股ETF-Vanguard","SMAX":"ISHARES LARGE CAP MAX BUFFER SEP ETF","RSPN":"Invesco S&P 500 Equal Weight Industrials ETF",".IXIC":"NASDAQ Composite","SSO":"2倍做多标普500ETF-ProShares"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2666407579","content_text":"Stocks' rough patch doesn't mean the rally is at an end, but it could signal the finish line is closer than bulls hope. \n\n\n The S&P 500 has had a difficult month: As of Thursday's close it had fallen 2.7% from its record close of 7798.99, reached on August 13. Part of that may be typical seasonal weakness, since August is historically a difficult month for the market, as is September. But with the index still up more than 10% so far in 2026, on track for its fourth year of double-digit gains, some investors are naturally questioning whether the recent declines indicate that the artificial intelligence-fueled run is finally starting to lose steam. \n\n\n Capital Economics Senior Markets Economist James Reilly thinks that while that's unlikely to happen this year, the end may not be far off: \"Looking across a range of equity market 'bubble' indicators supports our view that while the S&P 500's rally has further to run this year, its medium-term prospects are poor given how frothy the market looks,\" he writes in a note Thursday. \n\n\n The range of factors his firm tracks shows that even if things are unlikely to come to a head now, the AI boom may be entering its final stretch. \"They suggest the AI equity boom is in its final stages...the data look consistent with a late-stage bubble,\" Reilly writes. \n\n\n Out of eight indicators, five are now at extremes that are consistent with equities nearing a peak. \n\n\n Valuation is a red flag. Although the S&P 500's forward price-to-earnings ratio is now around 21 times, having pulled back from its late 2025 peak of 23 times, and U.S. valuations have fallen relative to those in markets elsewhere, there was a similar pattern of U.S. underperformance from 1999 to 2000. That means the recent pullback \"is hardly a surefire sign the U.S. market is not in a bubble.\" \n\n\n Likewise, that multiple still implies \"very punchy earnings growth,\" as Reilly puts it. \n\n\n Consensus earnings per share for the next 12 months are now at levels that correspond with the peak of the dot-com bubble, and unlike prior instances, the lofty forecasts can't be explained away by a rebound from prior weakness. The fact that so much of this expected earnings growth is projected over the long term and concentrated in the tech sector makes this doubly concerning, he writes. \n\n\n Speaking of tech, the current S&P 500 \"concentration is alarming,\" he notes, as the weights of the largest companies-all of which are tech-related-are at extreme levels. Both Nvidia and Apple recently accounted for more than 7% of the S&P 500, while Microsoft accounted for more than 5%. \n\n\n Tech is also behind the next worry: Equity issuance is booming, another hallmark of a late-stage bubble. That metric could look even more extreme as AI giants OpenAI and Anthropic move toward highly anticipated initial public offerings. \n\n\n And finally, foreign interest in U.S. equities has surged, much like it did before prior peaks. \n\n\n The other three factors-corporate fundamentals, volatility and leverage-aren't at extremes that would signal trouble. However, with valuation, earnings, index concentration, equity issuance, and foreign ownership of U.S. stocks all flashing red, Reilly warns trouble could be creeping closer. \n\n\n He predicts the S&P 500 will rally to 8250 by the end of the year, but fall back to 6500 by the end of 2027. \n\n\n Investors should enjoy the party while it lasts.","news_type":1,"symbols_score_info":{"SPYV":0.6,"GPIX":0.6,"IVW":0.6,"IVE":0.6,"SPUU":0.6,"SPDN":0.6,"HIBL":0.6,"VTV":0.6,"IVV":0.6,"HIBS":0.6,"VEU":0.6,"MOAT":0.6,"GSLC":0.6,"SPGP":0.6,"SPYH":0.6,"IJR":0.6,"UPRO":0.6,"SPYD":0.6,"VBK":0.6,"ACWI":0.6,"ITOT":0.6,"ALLW":0.6,"SPYU":0.6,"BMAY":0.6,"RSPU":0.6,"SPXU":0.6,".SPX":1.96,".DJI":2,"MMAX":0.6,"DMAX":0.6,"SDS":0.6,"SPMO":0.6,"SPY":0.6,"SPYG":0.6,"SCHX":0.6,"RSPA":0.6,"VV":0.6,"YSPY":0.6,".IXIC":2,"VOO":0.6,"JEPI":0.6,"SPYM":0.6,"SH":0.6,"VTI":0.6,"SMAX":0.6,"SFY":0.6,"SPHD":0.6,"ETFT":0.6,"XLG":0.6,"DBSC":0.6,"IJH":0.6,"TSPY":0.6,"RSP":0.6,"RSPN":0.6,"SPHQ":0.6,"SPYQ":0.6,"NOBL":0.6,"XYLD":0.6,"SCHB":0.6,"SPUS":0.6,"XDTE":0.6,"SPXL":0.6,"VOOG":0.6,"SPXS":0.6,"SSO":0.6,"SPLV":0.6}},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":595305567241040,"gmtCreate":1786364955028,"gmtModify":1786366364958,"author":{"id":"4215851015367312","authorId":"4215851015367312","name":"Raymond Johnson","avatar":"https://community-static.tradeup.com/news/039075bcc1634d813b898e4b9839a316","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4215851015367312","authorIdStr":"4215851015367312"},"themes":[],"title":"","htmlText":"It's fine","listText":"It's fine","text":"It's fine","images":[{"img":"https://community-static.tradeup.com/news/2e70838637ed17e6f0164986f5377e3f","width":"1125","height":"1476"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/595305567241040","isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":595305093726760,"gmtCreate":1786364934636,"gmtModify":1786366360699,"author":{"id":"4215851015367312","authorId":"4215851015367312","name":"Raymond Johnson","avatar":"https://community-static.tradeup.com/news/039075bcc1634d813b898e4b9839a316","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4215851015367312","authorIdStr":"4215851015367312"},"themes":[],"title":"","htmlText":"Not good enough","listText":"Not good enough","text":"Not good enough","images":[{"img":"https://community-static.tradeup.com/news/19f023fc6ab16fb64b31f3109d1f3e5c","width":"1125","height":"1476"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/595305093726760","isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}