US MARKET CALL: Yes, AI Is Too Big To Fail

I. Bonds

We've all been suffering from AI fatigue for a while. The daily news about it has been head-spinning. We've been warned that AI is a bubble that will burst, just as the late-1990s tech bubble led to the Tech Wreck in the early 2000s. Analogies to the credit excesses of the Great Financial Crisis have also been proffered. Last week's rout in AI-related stocks convinced the naysayers that the AI bubble is bursting, just as they’ve long predicted it would.