Steve Hanke Warns Stock Market Bubble as Big Tech Fuels $10 Trillion Frenzy
BeInCrypto
Economist Steve Hanke warns of a U.S. stock market bubble as tech-driven gains add $10 trillion in market value.Summary
Economist Steve Hanke has issued a warning that the U.S. stock market is in a bubble, citing his proprietary bubble detector and unfavorable bond-stock yield spreads. This caution comes as five major tech companies—Alphabet, Nvidia, Amazon, Broadcom, and Apple—drive a historic equity rally that added $10 trillion in value in just 39 days. Despite record-high call option volume and strong retail demand, Hanke suggests that current valuations may be unsustainable unless AI-driven revenues continue to justify them.
(Source：BeInCrypto)