A note via UBS on investor sentiment, analysts at the firm argue its not so high, not like the late 1990s:
- euphoria “isn’t close” to where it was before the dot-com bubble burst
- sees reasons to stay positive on market performance ahead
- “While there are always economic and market risks, and the climb higher for risk assets may slow, we see evidence that supports a positive near- and medium-term outlook”
ICYMI, I posted a bit of an opposing view from Deutsche yesterday, who referenced the dot com bubble also:
S&P 500 update:
