Tech Frenzy and Rate Cut Hopes Fueling Stock Market Bubble
- A "baby bubble" is forming in stocks fueled by tech monopolies and AI hype
- BofA says real 10-year Treasury rates need to rise to 2.5% to pop the bubble
- Bubble is "front running" expected Fed interest rate cuts
- Tech stocks like Nvidia are fueling recent S&P 500 record highs
- S&P 500 up 2.5% in 2024 after 24.2% surge in 2023 on big tech gains