Driven by FOMO and the narrative that AI will completely change the world, investors have bid up stock prices to new all-time highs and stretched valuations.
AI will no doubt change the world, but the AI arms race carries significant risks for investors at this time.
Especially as the economy shows signs of deteriorating.
Historically, high stock valuations colliding with a recession has been a recipe for steep losses, and that is as the heart of why I'm so concerned right now.
So this week on the podcast, I'll be talking about why I'm worried about the stock market right now - the valuation problem, the cracks in the economy that are appearing, why timing is everything and just because stock valuation look stretched doesn't mean the music will stop tomorrow, and lastly, how can investors - especially if you're getting close to retirement or already retired - protect themselves and take profits in a wise and prudent way.
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