The David Lin Report · Monday, September 28, 2026
Bill Smead, founder and CEO of Smith Capital Management, warns that the current market conditions, characterized by high demand for capital and a general investor focus on speculative AI and space stocks, are unsustainable. He predicts that this "mania" will break, leading to a significant market downturn.
“We're into point of the market now, now all anybody wants is AI related stocks. or space stocks.”
“When rates rise at this kind of a pace, to this kind of a level, history has shown that something usually breaks.”
“We're going to find out what that thing is today and how investors can prepare.”