Investors Should Be Looking Outside of AI: Analyst

Don Ma
By Don Ma
June 24, 2024Business Matters

Evercore ISI expects U.S. stocks to remain very expensive. It noted several factors for the “expensive” market, including anticipation over artificial intelligence and the Federal Reserve potentially lowering rates. We spoke with Tavi Costa, a global macro analyst at Crescat Capital, about an overvalued S&P500. Mr. Costa explains why he’s not investing in AI and instead looking to other industries with more potential.