Bulls stampede dead bears

Friday, 9 June 2023

The AI bubble is vast in just a few short weeks. The Market Ear.

Massively bullish bulls and evaporating bears

We have been waiting for this exuberance to kick in and here it is. Latest AAII bulls showing a huge spike, and bears throwing in the towel.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.