HomeMarketsVolatilityWagner: People Looking for Bubble to Pop Missing Forest for the Trees

Wagner: People Looking for Bubble to Pop Missing Forest for the Trees

Everyone is looking for a bubble to pop, but they’re missing the forest for the trees, argues David Wagner. He discusses how intangible assets have taken over the market, which creates “operating leverage as a core tenet,” yielding higher valuations. He discusses how the market is rewarding earnings beats this quarter, unlike last time, and what he expects for the rest of earnings season.

Morning Trade Live

22 Oct 2025

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