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The Latest Breaking News from Torsten Sløk

Is A Stock Market Crash Imminent? Bubble Warnings Grow Louder

From meme stock rallies and sky-high call options to trillion-dollar tech valuations, signs of a new stock market bubble are flashing across Wall Street—and this time, the warnings are coming from nearly every corner of the financial world.

Benzinga

The S&P 500 is ‘extremely concentrated,’ Apollo economist says, warning the best AI investment may not be in the Magnificent 7

“The textbook idea that the S&P 500 gives you a diversified exposure to risk is just simply no longer the case,” Apollo economist Torsten Sløk told Fortune.

Fortune

AI bubble is worse than the dot-com crash that erased trillions, economist warns — overvaluations could lead to catastrophic consequences

A top economist has warned that the AI bubble could be more over-inflated than the dot-com bubble, suggesting that all of the AI companies are even more overvalued than their techy counterparts from 25 years ago.

Tom’s Hardware

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'Overvalued' AI Stocks Like Nvidia, Microsoft May Trigger Market Crash Worse Than The Dot-Com Bubble, Economist Warns

The current artificial intelligence (AI) frenzy could potentially trigger a market crash more severe than the dot-com bubble burst of 1999, according to a leading economist.

Benzinga

Apollo's chief economist warns the AI bubble is even worse than the 1999 dot-com bubble

"The top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s."

Fortune

For the first time in decades, the U.S. will likely experience negative net migration, shrinking the U.S. workforce—and economic growth by extension

Trump’s mass deportation campaign could slash GDP growth by up to 0.4% in 2025 in a “startling” blow to the labor force, economists warn

Fortune

As US Dollar Sinks, Top Economist Warns 10% Slide Could Spark New Inflation Spike

The United States is bracing for a potential acceleration in inflation, with a significant depreciation of the dollar now identified as a key contributing factor, according to a new analysis by Torsten Sløk, the chief economist at Apollo.

Benzinga

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Is Trump a genius? Top economist and tariff skeptic admits president may have outsmarted us all on the economy

Torsten Sløk, the chief economist at Apollo Global Management, theorized a possible way for President Donald Trump to avoid wrecking the global economy with his tariffs — if he changes how he’s playing his game

The Independent UK

Top economist who previously sounded the alarm on tariffs sees a possible scenario where Trump 'outsmarted all of us'

“This would seem like a victory for the world and yet would produce $400 billion of annual revenue for U.S. taxpayers.”

Fortune

Government borrowing binge could crowd out mortgages and investment

U.S. Treasuries accounted for $28.3 trillion, or roughly 60%, of the country’s $46.9 trillion fixed-income market last year.

Fortune

Tariffs threaten a pharmaceuticals shortage, as 95% of ibuprofen comes from China

Apollo chief economist Torsten Sløk predicted “empty shelves” in the next few weeks as a result of tariff-induced supply chain disruptions.

Fortune

A record number of Americans aren't paying off their credit card

Consumer sentiment has fallen more over the last three months than during the 2008 financial crisis.

Fortune

Trump tariffs prompt slump in shipments to US ports

Number of vessels scheduled to arrive at Port of Los Angeles next week is down by almost a third year on year

The Guardian - UK

Global stocks shake off reports of collapse in U.S. import trade

Apollo published a slide deck arguing that the reduction in imports would be enough to trigger a recession in the U.S. starting in the summer.

Fortune

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The Guardian - UK

US tariff war hurting trade with China; M&S cyber-attack crisis continues; FTSE 100 rises for 11th day running – as it happened

Rolling coverage of the latest economic and financial news

Fortune

The U.S.-China trade war is about to pummel America’s small businesses, Apollo economist says

Shipping between the world’s two largest economies has nose-dived since mid-April.

International Business Times UK

US Recession Looms as Top Economists Warn of Tariff-Driven Slump

Leading economists predict a US recession in 2025, driven by Trump's tariffs and weakening economic indicators

Fortune

Jamie Dimon argues JPMorgan can help fix bond market chaos

The Treasury market helps the global economy go-round, and Wall Street is watching closely for signs the Fed may need to intervene.

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Fortune

Inside the bond market’s $800 billion ‘murder mystery’

One of Trump’s head economists said the spike in yields added “urgency” to the decision to pause the president’s reciprocal tariffs.

Fortune

Bessent denies bond selloff made Trump back down on tariffs

Hedge funds typically profit handsomely from the $1 trillion “basis trade,” but the Federal Reserve could be forced to step in as yields surge.

Fortune

Why this ‘basis trade’ moment is so dangerous

Also: The fact prices in the bond market are in decline at the same time as the stock market suggests there may be a liquidity crisis in the financial sector happening at the same time as the trade tariff crisis.

Fortune

There's now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says

"For investors, it is starting to look similar to 2022—too high inflation, rising interest rates, and falling stock prices."

Fortune

Fed rate cuts were supposed to help ease U.S. debt costs, but it's not looking good so far

Last fiscal year, the interest expense on U.S. debt was $950 billion, up 35% from the prior due mostly to higher rates.

Fortune

U.S. debt is so massive, interest costs alone are now $3 billion a day

“If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3 billion per day to $2.5 billion per day.”

Fortune

The Magnificent 7 stocks may soon yield to the 'Other 493'

"Growth is broadening out and so should the market."

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