BofA's Hartnett Compares Current Market Breadth to March 2000 Dot-Com Bubble
Bank of America chief investment strategist Michael Hartnett has drawn a comparison between the current market and the dot-com bubble in March 2000, noting that only about 4% of S&P 500 stocks are at new highs. While the index continues to hit record levels, most gains are concentrated among a small number of companies, particularly in AI-driven tech sectors.
Topics: Bank of America bubble risks Michael Hartnett S&P 500 stock breadth