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Why one Wall Street firm sees parallels to the late 1970s and recommends shorting U.S. stocks

Why one Wall Street firm sees parallels to the late 1970s and recommends shorting U.S. stocks

Feed excerpt — reported by MarketWatch

The artificial-intelligence build-out is most often associated with the dot-com boom at the end of the last century, but quants at one Wall Street giant identify another parallel: to the bell-bottomed, polyester suit, high-inflation era of the late 1970s.

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