Is the Market Overheating

This summer has been a complicated time for financial markets.
Despite constant speculation of turbulence ahead, major indexes have demonstrated an unshakeable ability to push past the noise and reach record highs.

For investors, the summer stock market rally is a relief after months of tariff-fueled uncertainty. But its also raising one uncomfortable question: Is the market getting ahead of itself?

In comments shared with Business Insider for Samuel O.s recent piece, Chief Strategist Dean Smith warned that much of the new credit is to younger investors with fewer reservesAny sort of hiccup could trigger a wave of selling due to margin calls.

He also pointed to the muted reaction to recent trade deals and the rapid rise of AI trading as signs that the rally may be losing steam. As Smith explained, AI is pushing that envelope, and is doing so with lightning speed, and zero regulatory guardrails.