Good morning, you're tuned into Markets Desk.
Warren Buffett's favorite valuation metric, the total market cap to GDP ratio, has just climbed to its highest reading since the dot-com peak of nineteen ninety-nine. That's not a prediction of collapse, but history is clear — when this gauge stretches this far, forward returns tend to compress, and investors would be wise to revisit their risk exposure accordingly.
Shifting to the policy lane, a Forbes contributor is making a pointed case that the Federal Reserve should not raise rates at this week's meeting, arguing that any hike at this juncture would be unnecessary and actively harmful to an economy already showing signs of cooling. The Fed has held firm through pressure before, but the debate over whether they've overtightened is getting louder by the session.
And in the technology space, CrowdStrike continues to make a compelling argument for its place in the enterprise security stack. Annual recurring revenue grew twenty-five percent year over year to five point eight billion dollars last quarter, a signal that corporate spending on cybersecurity is holding firm even as broader tech budgets face scrutiny.
That's the tape. Markets Desk, signing off the floor.
