The current market activity, particularly within stocks related to artificial intelligence, is beginning to appear bubbly.

“And in fact, when I look at how a lot of these stocks that are most closely correlated to the artificial intelligence boom are going, got to admit the market is starting to feel a little bubbly here to me.”

There is no justification for a market put because current stock market levels do not reflect a collapse in economic reality.

“So the question is, is there a put here? I mean, my honest answer is no. And the simple reason is if you look at where we are, the stock market's back to where we were in like May or August of last year. And if you had said that we would have upended 50 years of economic policy and the markets would”