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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.

Why one Wall Street firm sees parallels to the late 1970s and recommends shorting U.S. stocks

We haven't written up this one. MarketWatch has the full story — the link below goes straight to it.

Also reported by 3 other outlets

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