Real Vision: Finance & Investing Are We in an AI Bubble? | Macro Mondays: October 20, 2025 || Andreas Steno and Mikkel Rosenvold
9 snips
Oct 20, 2025 Mikkel and Andreas dive into the current market volatility, debating whether AI stocks are in a bubble and emphasizing the importance of revenue in tech. They analyze recent sell-offs sparked by external factors, like a Trump tweet. The duo highlights the contrasting behaviors of retail buyers versus institutional sellers. They also discuss tariff risks to GDP growth and predict potential rebounds in crypto, with insights on retail investor psychology. Lastly, they touch on the upcoming AI earnings season and its implications for tech demand.
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Episode notes
Maniac Phase Likely Ahead
- Andreas believes we likely have six to nine months of strong markets left, but they will be highly volatile and manic.
- Expect larger trading ranges and frequent debates about whether the cycle has peaked.
Unprofitable Tech Thrives In Easier Liquidity
- Non‑profitable tech has outperformed recently in an easing monetary backdrop similar to 1999 and 2020.
- This environment lets investors profit from unprofitable companies while monetary policy eases.
Don't Overreact To Weekend Political Tweets
- Avoid assuming single tweets will cause lasting market damage when volatility is compressed.
- Monitor weekend political events closely since 24/7 markets amplify their market impact.