Tesla, bitcoin, growth stocks? Here’s what market bubbles are still looming

When a stock or sector of the market is trading way above its intrinsic value, investors may call it a “bubble.” “We would urge caution, severe caution. Be very afraid of the valuations of these growth companies,” Peter Chiappinelli, portfolio strategist at GMO Asset Allocation, told CNBC. Market bubbles are investing phenomena that can occur when valuations are driven by exuberant behavior — and they can burn investors. The last 12 months have seen several bubbles burst. Take meme stocks such as GameStop and AMC, as well as dogecoin. And…

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Lumber executive says drop in prices has reignited demand for building projects

Kyle Little, chief operating officer at New York-based wholesale distributor Sherwood Lumber, told CNBC on Thursday that the recent slide in lumber prices has rekindled demand after a massive runup earlier this year challenged the affordability of building projects. “Over the last three weeks we’ve seen renewed interest,” the industry veteran and former lumber trader said on “The Exchange.” “Our renewed interest is now turning into actual orders and people placing business here for the second half of this year, most notably in the commercial segment and into the multifamily unit segment.”…

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