Alongside the growing concerns with the stability of the US, the massive valuations for the Magnificent Seven tech stocks is fuelling speculation that it’s becoming a bubble, though Oliver cautions that there are a range of factors that differentiate the current state of play from previous bubbles, such as the dotcom boom.
They also explore:
- The fallout of threats to withhold back pay for workers caught up in the US shutdown.
- Why there have been record-breaking prices for bitcoin and gold, considering both fundamental drivers and speculative elements.
- US support for Argentina, European geopolitical tensions, and concerns about long-term US economic policies under the Trump administration.
