The Zhitong Finance App learned that global bond yields have soared to a 20-year high and are becoming the biggest threat to the AI capital expenditure boom, and the upcoming US midterm elections may become a key variable triggering market fluctuations. Michael Hartnett, chief investment strategist at Bank of America Securities, issued a stern warning in the latest “Flow Show” weekly report: if the Democratic Party sweeps the Senate and House of Representatives in the midterm elections, US stocks may fall by more than 10%, weaken the US dollar, and decline in bond yields, and the AI bubble will also face the risk of bursting.

The Zhitong Finance App learned that global bond yields have soared to a 20-year high and are becoming the biggest threat to the AI capital expenditure boom, and the upcoming US midterm elections may become a key variable triggering market fluctuations. Michael Hartnett, chief investment strategist at Bank of America Securities, issued a stern warning in the latest “Flow Show” weekly report: if the Democratic Party sweeps the Senate and House of Representatives in the midterm elections, US stocks may fall by more than 10%, weaken the US dollar, and decline in bond yields, and the AI bubble will also face the risk of bursting.