The West Australian
·australia
·1 hour ago
THE ECONOMIST: America’s bull market has entered its manic phase
American stocks entered a manic phase, with S&P 500 valuations nearing those seen at the peak of the dotcom bubble. SpaceX's recent $1.8 trillion valuation, driven by anticipated AI sales, exemplifies this frenzy. Trading volumes in stock options surged, reflecting increased speculation among investors as they gamble on stock prices amid rising euphoria.
Summary by OZbrief · The West Australian
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