President Donald Trump Just Proclaimed "Everybody's Profiting" From the Stock Market, but He'll Likely Regret This Remark in Short Order

The article argues that President Trump’s claim that “everybody’s profiting” from a booming stock market may soon look premature. It highlights strong gains in the Dow, S&P 500, and Nasdaq during Trump’s terms, but warns that current valuations are historically stretched. The S&P 500’s Shiller P/E reached 42.84 in early June, the second-highest level in 155 years and near the dot-com peak. The piece also cautions that AI enthusiasm may be fueling a bubble, noting that investors often overestimate how quickly transformative technologies get optimized. Overall, the market backdrop is still bullish in the long run, but near-term risk of a meaningful correction is elevated due to expensive valuations and speculative momentum.