As investors grapple with the abrupt failure of Silicon Valley Bank on Friday, many are wondering what its demise says about the market trouble that could lie ahead. Legendary investor Jeremy Grantham has some thoughts.
The cofounder of investment firm GMO believes stocks are in a speculative bubble that is slowly deflating. The era of ultralow interest rates and ample liquidity in the market, which had pushed stocks to dramatic highs during the pandemic, is over.
