Is this dotcom bust 2.0?

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Financial Times 1d ago

Is this dotcom bust 2.0? - Financial Times

Quick Summary:

But higher interest rates eventually force even the richest companies to focus their efforts, and the uncertainty around Trump’s tariff’s will probably further discourage corporate investment.

Twenty-five years ago on Monday, a multiyear US stock rally hit its peak and began a precipitous decline that would wipe 77 per cent off the value of the Nasdaq by the time it finally cratered two years later.

Although the S&P 500 hit a new record less than three weeks ago, global markets are in turmoil over US President Donald Trump’s on-and-off again tariffs, and some key economic indicators are looking decidedly gloomy.