Rosenberg is shifting his portfolio toward U.S. Treasuries and international equities to mitigate risk. He warns that American consumers have become increasingly reliant on stock market gains for their financial stability, noting that he is currently observing market conditions he has not seen before in four decades.
Tuesday, October 20, 2026
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David Rosenberg Warns US Stocks Most Stretched in 40 Years
US Markets7 days ago
Strategist David Rosenberg argues that U.S. equity markets are now more dependent on artificial intelligence than they were on technology prior to the dot-com crash. Valuations, leverage, and investor positioning have reached extremes unseen in his 40 year career, exceeding levels that preceded the 1987 Black Monday crash, the Dot Com Bubble, and the Global Financial Crisis, causing the market to resemble a bubble.
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