Wall Street’s bulls are starting to admit the earnings bubble is real — and the 60/40 portfolio may be the first casualty
For more than four decades, the investing world operated on a foundational assumption: that a portfolio consisting of 60% stocks and 40% bonds would protect you when markets turned. For roughly the past 20 years, a second assumption took hold alongside it: that a handful of dominant tech companies would keep growing into whatever price investors were willing to pay.
Reported by 1 outlet — Fortune. See all sources ↓
For more than four decades, the investing world operated on a foundational assumption: that a portfolio consisting of 60% stocks and 40% bonds would protect you when markets turned. For roughly the past 20 years, a second assumption took hold alongside it: that a handful of dominant tech companies would keep growing into whatever price investors were willing to pay. This has taken on several shapes, with the FAANG companies morphing into the “Magnificent Seven” during the pandemic, and the AI boom crowning a new group of “hyperscalers.” But these assumptions are taking a hit from sources that rarely deliver bad news about the markets they cover. Goldman Sachs, one of the Street’s most consistently bullish research shops, published a note Monday authored by chief global equity strategist Peter Oppenheimer conceding that “there does not appear to be a valuation bubble, but there may be an earnings bubble” in the technology sector.
Read the full report at Fortune ↗
Why it matters
A world story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- For more than four decades, the investing world operated on a foundational assumption: that a portfolio consisting of 60% stocks and 40% bonds would protect you when markets turned. For roughly the past 20 years, a second assumption took hold alongside it: that a handful of dominant tech companies would keep growing into whatever price investors were willing to pay.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 2m ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
- Coverage card1 outlet1CoverageScouting report
Wall Street’s bulls are starting to admit the earnings bubble is real — and the 60/40 portfolio may be the first casualty
Sources1TypeCoverageFortune