'The punishment is going to be incredible': A top 1% investor sounds the alarm on a stock-market bubble set to unravel over the next 2-3 years
- Bill Smead warns a stock market bubble is set to unwind.
- Rising 10-year Treasury yields will eventually put pressure on growth stocks, Smead argues.
- Smead’s view contrasts with Wall Street’s optimistic S&P 500 predictions for 2025.
The ongoing optimism around the mega-cap AI stocks driving the S&P 500 doesn’t make sense to Bill Smead.