Are U.S. stock markets ‘whistling past the graveyard?’ Stifel takes a close look at the great American ‘money illusion’

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Are U.S. stock markets ‘whistling past the graveyard?’ Stifel takes a close look at the great American ‘money illusion’

fortune.com/2025/08/11/sp-500-correction-bubble-markets-inflation-stagflation-recession-stifel

A question looms over Wall Street as it digests the stock-market highs in the dog days of summer 2025: is this another version of the dotcom bubble? Apollo’s Torsten Slok has already calculated that the top 10 S&P 500 companies today are more overvalued than in the late ’90s tech boom.…

This story appeared on fortune.com, 2025-08-11 17:57:00.