Fed Leverage Ratio Update
Federal Reserve Vice Chair Michelle Bowman highlighted recent adjustments to the enhanced supplementary leverage ratio, emphasizing its role in market stability. The commentary included a brief look at SPY valuation implications, suggesting investors watch for potential shifts in risk appetite. [1]
Tech Megacap Valuation Debate
Advanced Micro Devices (AMD) posted a 35% gain over the past month, reaching a new 52‑week high and sparking discussion over its valuation metrics. At the same time, investor Michael Burry likened NVDA's AI chip pricing to a 1960s speculative bubble, fueling a broader debate on whether megacap tech stocks are over‑priced. [2] [3]
EV Market Pressure
Tesla’s stock is down about 20% for the year, and two smaller electric‑vehicle rivals have underperformed even more sharply, highlighting investor skepticism about the sector’s near‑term outlook. The analysis points to a widening gap between legacy and newer EV players, raising questions about future demand and profitability. [4]