Think the Bubble Popped? Wrong.

“People are always asking me where the outlook is good, but that’s the wrong question. The right question is: Where is the outlook most miserable?”

– John Templeton

RESEARCH

AQR – The Bubble Has Not Popped (2 pages)

Cliff Asness provides a few links that chronicle AQR’s updates on the value spread:

• The Bubble Has Not Popped (October 2001)

• That’s It, That’s the Blog (December 2021)

• That’s It, That’s the Update (February 2022)

• Still Crazy After All This YTD (May 2022)

• Value Spreads Are Back to Tech Bubble Highs: Is Everyone Out There Cray-Cray? (August 2022)

Source: AQR

J.P. Morgan – Guide to the Markets 1Q 2023 (71 pages)

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