- Danish economist Henrik Zeberg warns of a late rally driven by the AI trade followed by a “blow-off” peak and a severe market crash reminiscent of the dot‑com bust.
- He predicts the Nasdaq 100 could spike to ~39,000 and then plunge about 72% back to 2022 lows, with the US sliding into recession and financial distress spreading.
- Zeberg says headline data masks weakness (housing, middle‑class strain) and tells investors to watch the US dollar hitting ~93–94 and a sharp drop in short-term yields as sell signals.
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