Dan Niles Warns of a 50% Market Drop | Don’t Get Fooled by the AI Hype

In this episode of In the Money with Amber Kanwar, Dan Niles of Niles Investment Management says a 50% drop in stocks is on the table. He’s no permabear, he has spent a nearly 30-year career investing in tech stocks – his experience is what is making him cautious. With the S&P 500 overvalued at 24x earnings and double-digit earnings growth expectations looking unrealistic, he advises managing market exposure carefully.