Why one Wall Street firm sees parallels to the late 1970s and recommends shorting U.S. stocks
The artificial-intelligence build-out is most often associated with the dot-com boom at the end of the last century, but quants at one Wall Street giant identify another parallel: to the bell-bottomed, polyester suit, high-inflation era of the late 1970s.
<p>The artificial-intelligence build-out is most often associated with the dot-com boom at the end of the last century, but quants at one Wall Street giant identify another parallel: to the bell-bottomed, polyester suit, high-inflation era of the late 1970s.</p>