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Bank of America strategist: US stocks and Crypto Assets are forming bubbles

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On December 6, Jinshi Data reported that the strong rebound of US stocks and cryptocurrencies makes these asset classes appear to have bubbles. According to data compiled by institutions, the price-to-book ratio of the S&P 500 Index is expected to rise to 5.3 times by 2024, close to the peak of 5.5 times reached during the March 2000 technology bubble. Hartnett said that if the S&P 500 Index approaches 6666 points, about 10% higher than the current level, there is a high risk of being “overbought” in early 2025. The bank’s bull and bear market indicator has not yet shown signs of prosperity for global investors.

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Today_sTopCoinvip
· 2024-12-06 10:14
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