A renowned market strategist who called the dot-com bubble warns US stocks are at ‘serious risk’ as tech analyst optimism starts to sour

• Albert Edwards warns that analyst analyst optimism can mean problems.

• Historically, an exemplary analyst optimism has led to poor stock market performance.

• He said that the technological stock capitalization now exceeds the level of the dot-com bubble, leaving the market vulnerable.

Societe Generale Straber Albert Edvard has long been skeptical AI shares in the United States could live up to hyper surrounding them. Now it seems that stock analysts covering the technological sector also begin to weaken.

Frequent Edwards published a number of charts on Thursday, which believes that investors should pause at all times. They show an analyst optimism that stems on technological shares, which gave the impressive market of the market to develop, which he says that the shares are “seriously raising.”

Here are some of them. The first is the interest rate of analysts, which raise the predictions of honored shares. From the start of 2024 it fell from about 58% to 50%, but NASDAQ 100 continued its growth. Historically, below the bottom of the optimism was immersed below the 200-day moving movement of NASDAQ.

“If analyst for NASDAQ 100 is the speed of optimism to go anything, the channel comes out quickly,” Edwards wrote. “Indeed, it is a small macro miracle that the figure is still trading on top of its 200 Mav, which has been registered alone.”

There was also a switch between analysts’ expectations for earnings, and how bad they were afraid to delay reality. Now it seems to be the expectations to be south, because the trailing earnings are paved and terminated.

And the S & P Composite 1500 scores first started to go down, because they returned to their betrayal.

“This is the chart below, which investors should be really irritated,” Edwards wrote. “Despite the Blips, the” Blips “, which played around the clock, was the optimism of the lower reaches and low low levels of low-clocks.

Again, Edwards emphasizes that the problem with the exhaust expectations is that the prospect of investors is already in exhilaration, and less than those extremes is less missing.

“In ordinary times, it would not have been a serious threat to their equity investors, but it is possible to risk it as we bleed in the nose in high marks and optimism.”

Here’s how the foaming technology field and US stocks are. Tech Stocks now make up a larger percentage of the market than Edwards is known to call, and US stock is now excellent at 75% of the global market.

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Plus, the real market performance is inclined to have a tendency when analysts are expected. The emergency prospects suggests that the rally can be slowed down.

“If a US analyst is turned into optimism, it can be enough to pull the carpet, how many people see as an extremely expensive share market.” Edwards wrote.

Indeed, the shares have faced several obstacles in recent weeks that can be continuous problems for US investors.

Chinese Deepseek At the end of January, the new AI Chatbot was released, threatening the defamation of Openai with its lower expenses and questioned the huge amount of AI infrastructure costs in the United States. President Donald Trump is also injected on tariff policy. Uncertainty Market:A number of questions about the power of the US economy this week, as Walmart has warned about low-expected sales, and consumers are still concerned about inflation.

Whether they catalysts are more long-term pull-up, still unknown. Most of the Wall Street Strategists have a jacket price targets for the S & P 500.

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