Asymmetry of risk: If any of the AI story breaks – capital spending slows down, model performance bottlenecks, regulatory tightening – the higher the concentration, the sharper the pullback.
In a market where the yield of ten-year treasury bond is already higher than the stock earnings yield, why does it still refuse to call back despite soaring nearly 70% in oil prices this year, and the 10-year bond interest rate still remains near 5.24%?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- feelond·58 minutes agoNot refusing to pull back, just lagging the macro. How long can narrative outrun 5.24% without earnings catching up?LikeReport