The Fed Could Tip AI From Boom To Bubble Next Year, Alpine Macro Warns
Pessimistic
-35.9
The question of whether the rally in AI stocks has turned into a bubble has been top of mind for investors lately.
Wall Street investment banks have offered very different explanations: some warn that enthusiasm has gone too far, while others argue the move remains grounded in fundamentals.
That debate is exactly what Alpine Macro, an Oxford Economics–owned economic research firm, addressed in its latest 2026 outlook.
Rather than claiming a bubble is already in place, Alpine Macro asked a more forward-looking question: could the real risk emerge in 2026, once financial conditions begin to loosen?
Why Alpine Macro Says AI Isn't a Bubble — Yet
According to chief global strategist Chen Zhao, today's market does not yet show the classic signs of speculative excess. Investor skepticism remains
Wall Street investment banks have offered very different explanations: some warn that enthusiasm has gone too far, while others argue the move remains grounded in fundamentals.
That debate is exactly what Alpine Macro, an Oxford Economics–owned economic research firm, addressed in its latest 2026 outlook.
Rather than claiming a bubble is already in place, Alpine Macro asked a more forward-looking question: could the real risk emerge in 2026, once financial conditions begin to loosen?
Why Alpine Macro Says AI Isn't a Bubble — Yet
According to chief global strategist Chen Zhao, today's market does not yet show the classic signs of speculative excess. Investor skepticism remains
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
