GMO’s Grantham Says SPACs Craze, Nasdaq Have Peaked Already
Value investor Jeremy Grantham said U.S. technology stocks and the craze for blank-check companies have both already peaked and that the broader stock market is vulnerable.
My guess is in the next few months the termites will get to the rest of the market, the 82-year-old co-founder of Boston-based GMO told a conference in Sydney via web-link. The Nasdaq and SPACs — blank-check firms — have likely peaked, he added.
Grantham is well-known for his
bearish views and in January predicted an epic…
