<div id="readability-page-1"><div>As the S&amp;P continues to reach new highs in the mid 7000s, leaving the COVID era 3000s as a forgotten fevered dream… and AI euphoria fueling increasingly speculative bets across Wall Street and Main Street, the sane among us need to ask the question: when will reality hit?<img width="500" height="280" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/Screen%20Shot%202026-05-13%20at%207.20.46%20PM.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/Screen%20Shot%202026-05-13%20at%207.20.46%20PM.jpg"/>In tonight’s ZeroHedge debate, hosted by the legendary Dave Collum, Macro Mavens founder Stephanie Pomboy and Michael Lebowitz will break down the most dangerously overvalued sectors of today’s market. From AI to private credit… and debate how, when, and where the unwind may begin.<blockquote>Nasdaq is up almost 30% since the end of March. Howbowdah?— Dave Collum (@DavidBCollum) May 13, 2026</blockquote>The discussion will examine whether the AI boom has become detached from economic reality, whether Nvidia’s 43 PE ratio makes any sense, and whether private credit gating is the canary in the coal mine. With liquidity tightening beneath the surface and credit conditions deteriorating, Collum and the gang will discuss ways to preserve wealth before the cycle turns.The conversation will also focus heavily on the Federal Reserve’s next chapter under incoming Fed Chair Kevin Warsh, whose prior statements indicate a hawkish stance… but that’s been true of past chairs before they held the helm. Is Warsh a genuine monetary hawk willing to tolerate market pain to restore credibility to the dollar and contain inflation? Or will he ultimately cave under political and financial pressure like Jerome Powell during COVID?<blockquote>However, let's not forget that Warsh voted for QE and bailouts and parroted Bernanke's nonsense during the GFC.— Michael Lebowitz, CFA (@michaellebowitz) April 21, 2026</blockquote>For investors trying to position themselves ahead of what could be the next major repricing event, or for those who just want to hear about how horrible the economy really is… join Collum, Pomboy, and Lebowitz this evening.The debate will stream live on the ZH X account and homepage at 7pm ET. See you there.</div></div>

標普 500 指數

中盤價值股 ETF - Vanguard

標普 500 指數股票型基金

即將舉行的 ZeroHedge 辯論將由 Dave Collum 主持，屆時 Stephanie Pomboy 和 Michael Lebowitz 將討論當前的市場狀況，特別是在人工智能和私人信貸等領域的高估值。隨着標普指數創下新高，以及對流動性和信貸狀況的擔憂，他們將探討美聯儲在 Kevin Warsh 領導下的未來影響。此次辯論旨在幫助投資者為潛在的市場修正做好準備，並將於東部時間晚上 7 點進行直播

Are Markets F***ed? Collum And Pomboy To Address Everything Bubble

- S&P 指數持續上漲，帶動市場對 AI 的投機性投資。  
- 對於市場過高估值的討論將聚焦 AI 和私募信貸。  
- 討論美聯儲新主席的貨幣政策是否會對市場造成影響。

市場是否陷入困境？Collum 和 Pomboy 將探討全面泡沫