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Bob Elliott: Only a few weeks of recent market mania have been unwound

Bob Elliott: Only a few weeks of recent market mania have been unwound
Market mania unwinding and leverage concerns

Bob Elliott, co-founder and CIO at Unlimited, observed that only a few weeks of the recent market mania have been unwound.

Elliott added that there are still many people leveraged on the long side of the trade.

Elliott previously commented that the recent increase in U.S. bond yields has remained within the expected range in the context of market data and tightening, according to an earlier note. He also warned that market enthusiasm for AI investments relies on hopes of rapid growth, while actual spending is tapering off, as detailed in a separate statement. His recent remarks build on a pattern of cautious assessment of prevailing market trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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