Monthly Market Review: Is This A Bubble?

2025-11-03 03:21:00 ET

Are US markets, once again, in a bubble? Are AI stocks overvalued or are they discounting a new age of prosperity driven by big gains in productivity? What about gold? It’s up over 50% this year, signaling…what exactly? Gold is a fear asset that usually shines when the economy is bad and stocks aren’t doing so well. So, why is it up this year? And will it keep going? What about silver and platinum and palladium? Are they rising for fundamental reasons (gold doesn’t have any fundamentals to speak of) or are they, along with gold, caught up in some speculative frenzy?...

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