By Matthew Gutierrez and Shawn O’Malley
NYU’s Aswath Damodaran, the academic expert on equity valuation, brought the goods in a terrific interview with The Financial Times this week.
💭 The elephant in the room: Is this market, and AI stocks specifically, overpriced in the near term?
“I think the market is fully priced, not cheap by any means,” he said.
We’ve got a whole lot more from “The Dean of Valuation” below 👇
— Matthew & Shawn
Here’s today’s rundown:
Today, we'll discuss the biggest stories in markets:
Evaluating the AI, tech-led stock rally
A fresh outlook on the housing market
This, and more, in just 5 minutes to read.
POP QUIZ
Chart of the Day
After traders anticipated over 200 basis points (2 percentage points) worth of cuts in 2024, those bets have been revised down to under 100 basis points (1 percentage point)
