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Brad Pitt and girlfriend Ines de Ramon share steamy kiss at FIFA World Cup 2026 match

NY Post
1 month ago
The "Fight Club" actor and the jewelry designer were joined by two of their A-list pals as they watched the soccer match from a suite.
Jolie Zenna

Inside the haunting artistry of the Long Beach Tattoo Arts Festival as world-famous artists leave their mark: photos

NY Post
1 month ago
The tattoo festival is held at the Long Beach Entertainment Center, July 10-12, 2026.
Alex Mead

Colombian World Cup player goes into hiding after death threats over costly miss

NY Post
1 month ago
Colombian forward Jáminton Campaz is in hiding after death threats over a missed shot that helped knock his team out of the World Cup — a chilling echo of Andrés Escobar's 1994 murder just days after scoring an own goal that contributed to the team's elimination from the World Cup in the US.
Adry Torres

California renters pay the highest rents in America as housing crisis squeezes wallets and sends residents packing

NY Post
1 month ago
Californians are paying more than anyone else in America just to keep a roof over their heads. The Golden State now boasts the nation’s highest median gross rent at a staggering $2,104 a month, according to a new Investopedia report released Friday. People walk as the downtown skyline stands with the snow-capped San Gabriel Mountains....
Daniel Farr

You have two days left to make bookkeeping easier with nearly 50% off QuickBooks

NY Post
1 month ago
TL;DR: Tackle bookkeeping yourself with this 1-year subscription to Intuit QuickBooks Desktop Pro Plus 2024 for Windows, now $279.97 (MSRP $536) until July 12. Want to handle your own bookkeeping, but don’t even know where to start? It’s time to check out Intuit QuickBooks, a much smarter way to stay organized financially. From tracking expenses to invoicing,...
StackCommerce

‘American Idol’ Winner Taylor Hicks Says Fame Was ‘A Lot Tougher Than It Seems’ After Winning Season 5

NY Post
1 month ago
The "Soul Patrol" favorite says winning was just the beginning.
mliss1578

Baby girl found dead in ‘apartment’ at NYC hotel

NY Post
1 month ago
A 16-month-old girl was found dead at The Belnord Hotel on the Upper West Side this week, the NYPD said.
Tina Moore, Katherine Donlevy

Mets have prized yet volatile bullpen assets — and should trade as many as possible

NY Post
1 month ago
It was always difficult to determine which relievers would be good year after year. And in this current churn era, it is harder than ever.
Joel Sherman

Mauricio Pochettino shouldn’t return after USMNT’s World Cup ‘abject failure’: Alexi Lalas

NY Post
1 month ago
“You had one job, and you blew it."
Howie Kussoy

Ridley Scott’s ‘The Terror’ Season 4 Is Already in Development, Producer Reveals

NY Post
1 month ago
The horror anthology may have another chilling chapter on the way.
mliss1578

Was SK Hynix's US Debut The AI Bubble Top? BNP Says It's Still 1998

Zero Rss
1 month ago
Was SK Hynix's US Debut The AI Bubble Top? BNP Says It's Still 1998

With SK Hynix's American depositary receipts now trading under the temporary ticker SKHYV as of late Friday morning, the seven-times-oversubscribed offering highlights Wall Street's rush for more direct exposure to high-bandwidth memory amid the AI infrastructure boom.

Against the backdrop of mounting concerns about an AI infrastructure bubble, Roth Capital Partners' sales trading team asked clients earlier Friday: "How will investors, looking back two years from now, view the timing and significance of SK Hynix's US offering?"

Taking a look at the GS TMT Memory Exposed Index (GSTMTMEM Index), Goldman Sachs' thematic basket tracking companies with high exposure to the memory chip cycle, the trade appears to have peaked in mid-June.

Zooming in on the recent price action in the GSTMTMEM Index:

That rollover has since spread into the broader South Korean market, with the Kospi entering a bear market this week as the memory stock euphoria begins to fade.

Adding to the AI bubble doomerism camp is UBS' proprietary Market Fragility Index, an internal risk gauge measuring how vulnerable markets are to a sharp reversal or volatility shock, which currently prints at an eye-popping high.

UBS proprietary market fragility index hits all time high pic.twitter.com/zwOUS0dbGk

— zerohedge (@zerohedge) July 10, 2026

But not everyone on Wall Street is pessimistic, and analysts at BNP Paribas say the AI boom increasingly resembles the late 1990s.

João Torres, a European credit strategist at BNP Paribas based at the bank's Portugal branch, penned a note on Friday with a title that suggests the AI bubble has more room to inflate: "The Bubble Playbook: It's still 1998."

"Technological progress can create industrial bubbles. Chart 2: Equity IPOs following late 90s path, led by Tech We analysed the extent to which the AI buildout is evolving in line with previous industrial bubbles. The late 1990s provide a fitting playbook. In our view, AI has similarities of an industrial bubble but is not yet extreme," Torres wrote in the note.

The BNPP Bubble Indicator currently stands around the 84th percentile, driven by elevated animal spirits, valuations and earnings expectations. At that level, near-term stock returns could be positive, but historical patterns suggest softer performance over six to 12 months if the indicator moves to the 85th percentile level.

Torres put together a compelling chartpack that suggests today's environment is more like the late 1990s:

Chart 1: Technological breakthroughs can lead to industrial bubbles

Chart 2: Equity IPOs following late 90s path, led by Tech

Chart 3: Spreads tend to widen when balance sheets deteriorate

Chart 4: Supply in late 90s – from K-shaped to a crowding-in effect

Chart 5: Expectations are rising faster just as they did in the late 90s

Chart 6: Great Expectations – a new paradigm ahead

Chart 7: $ HY Risk Premium – low but not extreme

Chart 8: Credit Conditions are not restrictive yet

Chart 9: The Fed could resume rate hikes, as in the late 90s

Chart 10: BNPP Bubble Indicator is currently at the 84th percentile

Chart 11: Closest template is the dotcom bubble

Chart 12: Overweight $ IG Banks vs. $ IG Corporates

Chart 13: € IG TMT: Reverse Yankees are trading wide vs. Domestic

Professional subscribers can read more on memory and KOSPI at our new Marketdesk.ai portal. 

Tyler Durden Sat, 07/11/2026 - 11:05
Tyler Durden

Bullets fly at NYC hoops tournament, killing player and injuring two others: ‘We need more police’

NY Post
1 month ago
A 35-year-old man who was playing in the tournament was shot twice in the head -- once when he was already on the ground bleeding, according to cops and witnesses. 
Marie Pohl, Tina Moore

FIFA World Cup parties at MacArthur Park hit by bed bug concerns

NY Post
1 month ago
Soccer fans heading to MacArthur Park for FIFA World Cup watch parties could face a nasty surprise.
Jamie Paige

Family whose son was murdered displays unbelievable act of empathy for killer

NY Post
1 month ago
In May 2010, Edan Brown was stabbed to death by his friend, Anthony Jones.
News.com.au

Jay-Z brings out Beyoncé and Blue Ivy, 14, for surprise performances at ‘Reasonable Doubt’ 30th anniversary show

NY Post
1 month ago
On Friday night, the "99 Problems" rapper, born Shawn Carter, kicked off the first of three shows at Yankee Stadium in the Bronx, New York.
mliss1578

Jay-Z brings out Beyoncé and Blue Ivy, 14, for surprise performances at ‘Reasonable Doubt’ 30th anniversary show

NY Post
1 month ago
On Friday night, the "99 Problems" rapper, born Shawn Carter, kicked off the first of three shows at Yankee Stadium in the Bronx, New York.
Tamantha Ryan

FanDuel Predicts promo code: Make any trade and get $25 bonus for Mets vs. Red Sox

NY Post
1 month ago
Make any MLB trade and get $25 in Predicts bonus with the FanDuel Predicts promo code.
Sean Treppedi

South Africa soccer star Jayden Adams dead at 25 shortly after historic World Cup success

NY Post
1 month ago
Adams started two of South Africa's three World Cup Group Stage games.
Matt Ehalt

Chic, limited-edition ‘s–t shoes’ promise a healthier poop

NY Post
1 month ago
It’s footwear fit for the porcelain throne.[nyp_video player="SPdDOYds" platform="jw-player" playlist="W5xXwQyA" playlisttype="dynamic" placement="true" jwpropertyid="XDErnc08" /]
McKenzie Beard

Heat eyeing Klay Thompson with Mavericks looking to move on from four-time champion

NY Post
1 month ago
The Miami Heat are in the market for another big name.
Howie Kussoy

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News feeds

  • Anthony Fauci And The Collapse Of Scientific Authority
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  • Babylon Bee Sues New Mexico Over Restrictions On AI Satirical Posts
  • US Creates New 'Multinational' Attack Drone Task Force Amid Iran War & Lessons Learned In Ukraine
  • State Department Launches Birth Tourism Prevention Task Force
  • The "Big Tent" Dilemma: Marxist Hasan Piker Pleads With Democrats For Help, But Will They Answer
  • India Eyes Two New Sites To Expand Strategic Oil Reserves
  • Outrage As Texas Schools Bus Kids To Mosque So They Can "Experience Islam"
  • 11 Charged In Immigration Scheme Involving Over 1,000 Sham Marriages
  • Putin's First Ever Visit To Japanese-Claimed Islands Provokes Outrage In Tokyo
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