[[[[[ Wall Street is also betting that there will be three interest rate cuts by the Federal Reserve this year, and investors have been preemptively celebrating.But some analysts are ringing the alarm. They’re worried that AI fervor is misguided. Plus, two Fed officials have forecast no interest rate cuts at all this year.“My impression is that investors are presently enjoying the double-top of the most extreme speculative bubble in US financial history,” legendary investor John Hussman wrote in a recent note. Hussman predicted the 2000 and 2008 market crashes.Former Treasury Secretary Larry Summers also fretted over markets last week. “I certainly think we’re at least at the foothills of bubbles,” he said on Bloomberg.Louis Navellier of Navellier & Associates thinks US markets are in a melt-up that’s being widely ignored by investors. “The market continues to march relentlessly higher and no one is willing to call a top,” he said in a note.]]]]]
