Hartnett: Is The AI Bubble Bursting? This Is The Signal To Watch

It's been just over 4 months since the April Liberation Day market crash, and since then the market has been a virtually straight line higher to daily record highs led by the AI bubble, which Morgan Stanley recently calculated will cost $2.9 trillion in capex by 2028 by which point we assume it will start to finally generate some return on this massive cash sink which will soon dwarf the cold war arms race.