Researcher Identifies Formula for Market Bubbles Amidst AI-Driven Euphoria and Anticipated Trillion-Dollar IPO

An economic researcher, Charles Lister Smith, claims to have developed a formula for identifying market bubbles, a theory detailed in a recent paper. His analysis suggests that the current market, characterized by an artificial intelligence (AI) build-out and the impending US$2 trillion IPO of Anthropic PBC, is experiencing 'market congestion' and that the market top is already past. Smith's model, which incorporates the price impact of supply, implies a potential decline of approximately 44 percent in U.S. stock prices, particularly as government needs increase and long-term Treasury rates rise, pulling money from the stock market.