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Top economist says upcoming bear market ‘will be set by an appetizer' like Dot-com burst

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A top macroeconomist warned the next bear market could start with a Dot-com-style tech sell-off before widening into a broader economic downturn. The warning is bearish for technology equities and suggests elevated downside risk across risk assets if the sell-off spreads beyond the tech sector. While no specific data or policy change was announced, the call has potential market-wide implications given the scenario being described.

Analysis

A top macroeconomist warned the next bear market could start with a Dot-com-style tech sell-off before widening into a broader economic downturn. The warning is bearish for technology equities and suggests elevated downside risk across risk assets if the sell-off spreads beyond the tech sector. While no specific data or policy change was announced, the call has potential market-wide implications given the scenario being described.

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