Craig Johnson, Chief Market Technician at Piper Sandler, used his CNBC Morning Call Sheet appearance to flag concerns for self-directed investors riding the AI trade. Introducing Piper Sandler’s report The Bull Market That Few Trust, Johnson said: “The technology sector is now 41% of the investable assets here in the US. Semiconductors are 50% of that total technology sector. We haven’t seen levels like this since Y2K in the year 2000. I think that’s a risk that investors do need to monitor.”
That is the headline number. Let’s dig into the details of what may have changed since the year 2000.
This post appeared first on 24/7 Wall St.