Investors seem to be asking, in various ways, if this rally is overdone, and by implication, if the market is due a pullback. — Bloomberg
A LOT of people are watching this meteoric US stock market with amazement as it shakes off one worry after another – slowing labour market, sagging consumer sentiment, continuing trade uncertainty, geopolitical tensions and now a US government shutdown – on its way to new record highs.
Some see a replay of the late 1990s Internet bubble, this time fuelled by artificial intelligence (AI).
