Tech Boom 2.0: AI and Deficits Predicted to Fuel New Decade-Long Bull Market
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A new tech-driven bull market is predicted to rival the 1990s dotcom boom, fueled by artificial intelligence and healthy government spending.
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Conditions are similar now to the 1990s bull market disruptive technology (AI), investor fear/incredulity, and government deficit spending to fund growth (unlike 1990s surplus).
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Rising interest rates initially shock markets but then drive huge rallies, like in the 1990s. Stocks remain in a long-term bull trend.
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Fractal patterns suggest the current bull has 10 more years to go, with several more uplegs, potentially much larger than 1990s.
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Fundamentals for a major bull market rivalling 1990s are in place AI as impactful as computing itself, herd fear, and deficit spending to release resources.