According to #TorstenSlok, the chief economist at Apollo Global Management, the current #AI-driven #marketbubble is more stretched than the #dotcom frenzy of the late 1990s. Slok compares the 12-month forward #pricetoearnings (P/E) #ratios of the top ten companies in the S&P 500 against the rest of the index, showing that the #PEratios of the top ten companies are #evenhigher than they were at the peak of the dot-com bubble. https://gizmodo.com/wall-streets-ai-bubble-is-worse-than-the-1999-dot-com-bubble-warns-a-top-economist-2000630487?AIagents.at #AIagent #AI #ML #NLP #LLM #GenAI

1 Apollo Global Management chief economist #TorstenSlok: Indirect bidding in #Treasury #auctions refers to bids submitted on behalf of #ForeignInstitutions. These bidders don’t participate directly, but instead have their bids placed by intermediaries—hence “indirect." #USTreasuries #bonds 🧵

#TorstenSlok, chief economist at Apollo Global Management: After #LiberationDay, the #dollar has disconnected from #interestrate differentials. #USD #forex #tariffs #currencies #markets

1 #TorstenSlok, chief economist, Apollo Global Management: “Will There Be #Fireworks on the #4thofJuly? Estimates show that more than 90% of fireworks used in the #UnitedStates are imported, and 95% of fireworks imported into the #US come from #China 🧵 #tariffs #tradewar #trade

Data from the #Fed shows that a record-high share of #households are only making the minimum payment on their #creditcards - #TorstenSlok, chief economist, Apollo GlobalManagement.

Chart from #TorstenSlok, chief #economist at Apollo Global Management showing a sharp in #US #corporate #capex #spending plans.