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Markets are hitting record highs. And economists like El-Erian and Krugman can’t shake off their fears

Posted on AllSides March 9th, 2024
From The Center
Michael M. Santiago | Getty Images

A new day, a new all-time high. From stocks to bitcoin, asset classes across the board have been hitting uncharted territories.

Why?

There are a few reasons at play.

Unabating artificial intelligence hype, hopes that global interest rates may fall, and more specific to the crypto space: bitcoin ETF approvals.

A fiery rally in tech stocks powered the Nasdaq 100 to a fresh record and helped the S&P 500 finish above the 5,000 mark for the first time ever last week. AI ecstasy has also boosted individual tech stocks to historic levels, with Nvidia’s stock market value smashing...

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https://www.cnbc.com/2024/03/08/el-erian-and-krugman-cant-shake-off-their-market-fears.html

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