Dotcom Deja Vu? 3 Data Points Suggest a More Bullish Horizon in 2024
Alphabet(GOOGL) Zacks Investment Research·2024-02-01 23:41
Is the 2023 market Dot Com Bubble 2.0?Earlier this week, a report from a team of quantitative strategists at JP Morgan ((JPM) made the rounds on Wall Street. In the report, the analysts warned that investors should be aware of “persistently rising concentration” in the U.S. stock market in 2024. Lead analyst Khurum Chaudhry warned, “When viewed in a historical context, parallels to the ‘Dotocom Bubble’ era are often dismissed due to the ‘irrational exuberance’ that characterized this period. In this note, w ...