The bears are throwing in the towel ...Middle East

Well-known market watcher (and often bear) David Rosenberg appears to have given up on his bearish call on the market. That's the kind of thing that can often indicate that market sentiment is going into overdrive.He specifically says he "is in no way throwing in any towel" but it sure sounds like he is as he talks about a new valuation paradigm (at least for 2025) around AI."I have shifted from my view that we are in a classic bubble to now questioning — not totally abandoning, but indeed questioning — that thesis," he writes.Rosenberg notes:&]:mt-2 list-disc space-y-2 pl-8" depth="0">Market is pricing in a "Model Shift" driven by AI revolution and productivity gainsTraditional P/E metrics

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