Otavio (Tavi) Costa: ‘Regardless of what anyone may claim about the recent AI advancements, this is probably one of the most speculative markets in history.’
The ratio of Nasdaq 100-to-Russell 2000 is now retesting the peak of the tech bubble levels. This situation, similar to today, where smaller companies perform poorly compared to large-cap companies, was a critical precursor of the tech bust. An important …