Why one Wall Street firm sees parallels to the late 1970s and recommends shorting U.S. stocks

October 6, 2026 · 11:15 am 4 sources

Image: MarketWatch

Coverage

Coverage

• Wall Street is hyping AI. This fund manager is betting instead on fires, HVAC and Berkshire Hathaway.
  MarketWatch · October 6, 2026 11:15
  The co-portfolio manager at Heartland Advisors urges investors to shut out Wall Street’s hype on AI and look for companies that can use its technology as costs come down.
• How Meta’s stock can surge to $1,000, according to the biggest bull on Wall Street
  MarketWatch · October 6, 2026 18:20
  A Wells Fargo analyst warns of a near-term profit hit from AI infrastructure spending and legal costs — but thinks that will set up massive gains by 2028.
• Washington and Wall Street chose to delay paying their bills — and to put them on your tab
  MarketWatch · October 7, 2026 17:36
  The polite word for what the government and Wall Street are doing is deferring payment, like opening a tab at a bar that somebody else will pay later.
• Why one Wall Street firm sees parallels to the late 1970s and recommends shorting U.S. stocks
  MarketWatch · October 9, 2026 08:49
  The artificial-intelligence build-out is most often associated with the dot-com boom at the end of the last century, but quants at one Wall Street giant identify another parallel: to the bell-bottomed, polyester suit, high-inflation era of the late 1970s.