Yield curve pioneer Campbell Harvey fears investors have forgotten the dot-com bubble

John Detrixhe
·3 min read
Yield curve pioneer Campbell Harvey fears investors have forgotten the dot-com bubble

Are US companies more valuable than they were before the pandemic ripped a hole in the global economy? Investors are treating American stocks as though they are, but not everyone thinks that’s a good idea. The Nasdaq Composite, a benchmark that’s heavy on technology stocks, climbed to the highest close ever, as did the S&P 500 Index of large US companies.