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Investment Weekly

1990s redux?
26 September 2025

    Chart of the week – 1990s redux?

    Chart of the week – 1990s redux?

    As AI enthusiasm continues to dominate investor sentiment, US stock indices are pushing to fresh all-time highs. And with the Federal Reserve resuming its easing cycle amid ongoing evidence that the US economy has achieved a “soft landing”, parallels are being drawn to the mid-90s bull run in markets. But is history really repeating?

    More from this week:

    Market Spotlight

    • Spread thin

    Lens on…

    • The rate escape
    • The efficient frontier
    • AI as an equaliser

    Read the full commentary PDF, 3.35MB