US stockmarkets shrug off signs of overheating

Signs of overheating in the markets are everywhere, but that didn't stop US stocks hitting new record highs last week.

Macy's in New York
US households will deploy a $1.6trn savings pile
(Image credit: © Nina Westervelt/Bloomberg via Getty Images)

The stockmarket “bubble-o-meter is flashing bright red”, says John Authers on Bloomberg. Signs of froth are everywhere, from the record number of fund managers telling a Bank of America survey that they are making risky bets to wild swings in the price of bitcoin, previously a harbinger of market turning points.

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.