The artificial intelligence revolution has long drawn comparisons to the dotcom boom and bust of 1999 and 2000, but the comparisons are becoming spookier by the day.
On Monday, this column reported on the abrupt bullish U-turn by local Macquarie strategist Matthew Brooks, who urged clients to “party like it’s 1999” as markets are buoyed by resilient global economic growth and the biggest global interest rate cutting cycle we’ve seen outside a recession since 1998.
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