Liquidity tide going out for stocks
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The Market Ear kicks us off toppy signs in the AI bubble.
Last time…
…NASDAQ put in a similar candle was in late Nov 2021. We know how that ended…but on the other hand, back then we didn’t have the AI narrative going.
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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.
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