Market Bubbles Go Way Beyond AI, Says Richard Bernstein Advisors
Takeaways by Bloomberg AISubscribe
Excess liquidity has inflated asset prices across markets beyond just artificial intelligence, according to Richard Bernstein Advisors.
“We’re kind of in an everything bubble at the moment,” said Mike Contopoulos, the firm’s deputy chief investment officer. “It’s not just AI — it’s crypto, it’s meme stocks, it’s SPACs, it’s IG credit, it’s high-yield credit,” he said on the latest Bloomberg Intelligence Credit Edge podcast.
