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Even AI Can’t Keep US Valuations This High

The US might be a miracle economy, but there’s such a thing as too high a price to pay.

Don’t stick them all in one basket, even if it’s a really good basket.

Don’t stick them all in one basket, even if it’s a really good basket.

Photographer: Jasper Juinen/Bloomberg
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Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

If you missed yesterday’s live Q&A with Merryn and I on the UK Markets Today blog, you can read the full transcript here. Thank you so much to everyone who sent in their questions, and sorry if we didn’t get round to answering yours — hopefully next time!