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Is the Stock Market in a Speculative Bubble? T. Rowe Price CIO Weighs In


In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos dive into how, for the first time, brokerages have taken out more than $1 trillion dollars in margin debt to buy stocks and other securities. Next, they chat about Robinhood’s blowout earnings as another sign of market exuberance, and why investors are eagerly awaiting software and data analytics company Palantir's earnings this week.

Then after the break, Sébastien Page, head of global multi-asset and chief investment officer at T. Rowe Price, joins our hosts to chat about why he thinks AI stocks have strong financial and economic positions, and why he believes stocks will still deliver an equity risk premium. Plus, Page shares what he thinks investors could learn from sports psychology.


I hope this is a free link that works to listen or read the transcript. If not, sorry about that!

https://www.wsj.com/podcasts/take-on-the-week/is-the-stock-market-in-a-speculative-bubble-t-rowe-price-cio-weighs-in/3D568963-0B36-43CB-9D86-3F80F342ECBD

Comments

  • edited August 3
    Link works. The entire thesis is exactly where I am at the moment. Leaning into FI, not feeling that equities have a great risk premium right now. Holding cash in lieu of longer bonds. My FI allocation has nearly matched my equity allocation in the first half. I wouldn't be surprised if FI did even better in the 2nd half. Positive on stocks in the medium to long term, not so much the next six months.

    If my view is incorrect, I appear to be in some good company.


    Surprisingly, my individual stock portfolio is my YTD winner with 9.13%. Only one stock in the group (ALL) lags S&P. Four stocks have achieved +25% YTD.

  • @DrVenture- I'm not familiar with the term "FI" in this context... can you please clarify? Thaks-
  • fixed income
  • Delete
  • Yes, fixed income.
  • edited August 3
    Thanks, guys. I'm losing it for sure. After 86 it's all downhill.  :(
  • speaking of FI, I'm younger but have 97% of the nut in 4.22% mmf at fido
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