For more than two years, U.S. stocks have pushed higher almost without pause. Tech giants fueled by the artificial intelligence (AI) boom dominate headlines, meme stocks are staging spectacular comebacks, and investors are borrowing record sums to chase gains.
With valuations stretched and bullish sentiment running high, many are asking: Are U.S. stocks in a bubble?
“Bubbles are easy to identify in hindsight, but not necessarily when you are inside the froth,” Michael Ashley Schulman, CFA, chief investment officer for California-based Running Point Capital Advisors, told The Epoch Times via email. “And even when you can identify them at the moment, it is tremendously difficult to know how long they will last.”…