Accessible version Global Equity Volatility Insights How to hedge risk USD eats your US return Bubble framework suggests AI has room to run With the tech-led rally & new equity highs juxtaposed against a weakening macro backdrop & volatile policy stance, many are questioning how much further an AI bubble can inflate. However, as noted last week in our 16-Sep-25 GEVI (see report), analysing recent price action from a distributional lens relative to the late 90s dotcom era suggests the broader US equity marke ...