Why one Wall Street firm sees parallels to the late 1970s and recommends shorting U.S. stocks
The artificial-intelligence build-out is most often associated with the dot-com boom at the end of the last century, but quants at one Wall Street giant identify another parallel: to the bell-bottomed, polyester suit, high-inflation era of the late 1970s.
The artificial-intelligence build-out is most often associated with the dot-com boom at the end of the last century, but quants at one Wall Street giant identify another parallel: to the bell-bottomed, polyester suit, high-inflation era of the late 1970s. This story matters for Finance & Markets readers tracking finance. Reported by marketwatch.com. Read the full original at the source link below.
Originally reported by marketwatch.com. InvestorsWire.com curates and briefs the finance & markets stories that matter. Our editorial policy →
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