Investors moved into bonds as US tech and AI stocks fell, with the 10-year real yield reaching a reported low of 2.58%. The source links the bond buying to doubts about whether AI companies can sustain their growth, but BNY’s Jason Granet said slower growth would not necessarily signal weakness in the economy.
BNY Investments economist Vincent Reinhart warned that US and global markets depend heavily on technology spending. Separately, BitMEX co-founder Arthur Hayes predicted that an AI bubble burst would cause a market drawdown and prompt a US government bailout; the source presents this as his forecast, not an event that has occurred.
