🕷️ Crawler Inspector

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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 52 (from laksa181)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa052.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.cryptopolitan.com/bubble-fears-us-stocks-soar-to-records/\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.cryptopolitan.com/bubble-fears-us-stocks-soar-to-records/\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.cryptopolitan.com\/bubble-fears-us-stocks-soar-to-records\/","crawl_time":1755808369,"first_indexed_time":1753458197,"http_code":200,"src_unparsed":"com,cryptopolitan!www,\/bubble-fears-us-stocks-soar-to-records\/ s443","src_root_hash":"15488031564202899652","history_drop_reason":null,"meta_title":"Bubble fears grow as US stocks soar to records amid meme frenzy and debt surge - Cryptopolitan","meta_descriptions":["U.S. stocks have surged this summer to levels not seen in years thanks to very low borrowing costs. Yet record valuations, a revival in speculative “meme”"],"attrs_boilerpipe_text":"U.S. stocks have surged this summer to levels not seen in years thanks to very low borrowing costs. Yet record valuations, a revival in speculative “meme” trading and a key “euphoria” indicator sitting at bubble‑like levels have many investors uneasy. This month, the  S&P 500  reached new all‑time peaks, and U.S. firms are enjoying borrowing rates close to multi‑decade lows.  FT  reports this turnaround contrasts sharply with the sharp sell‑off in April triggered by President Donald Trump’s threats of escalating trade tariffs. Although Trump moves ahead with import duties at levels not witnessed for a generation, signs of overheating are accumulating. Major technology firms have soared to fresh heights.  Nvidia  was the first to hit a $4 trillion valuation while a resurgence of last year’s meme‑stock frenzy sees retail traders piling into GoPro and Krispy Kreme expecting rapid returns. “I think you’re beginning to see perhaps some very early parallels to what you saw back with the internet boom in the late 1990s and early 2000s,” said Dan Ivascyn, chief investment officer at $2.1 trillion asset manager Pimco. “There’s this lottery‑ticket mentality that tends to exist … It’s a dangerous set up.” Markets are settling for less as bad deals beat full-blown trade war According to Bloomberg, the S&P 500 is trading at over 3.3 times annual revenues, marking an unprecedented valuation. Barclays’ so‑called “equity euphoria” index, a composite of derivatives activity, volatility and sentiment, has climbed to twice its typical level, a threshold often associated with bubble conditions. U.S stocks reach record highs. Source LSEG, markets.ft.com “The indicator is clearly showing that the market is euphoric,” said Stefano Pascale, head of U.S. equity derivatives strategy at Barclays. Market participants greeted the U.S.‑Japan  trade deal , which sets Japanese import levies at 15% and are now anticipating a similar arrangement with the EU. While these tariffs exceed pre‑Trump levels, they are milder than the dramatic rates warned in his “liberation day” address that had previously jolted equities. “These first deals are bad, but investors are happy with anything but a full trade war,” said Luca Paolini, chief strategist at Pictet Asset Management. Equities have largely ignored worries over ballooning U.S. public debt and potential threats to  Federal Reserve independence , factors that have unsettled Treasury yields. The dollar has declined almost 10 percent this year versus a basket of currencies. The rally since April has been propelled by a select group of big tech names. Nvidia’s shares have rebounded by 100%, while Meta has recovered about 49 % from their April intraday depths. Debt surge sparks warnings of dot‑com era Valuation metrics such as price‑to‑sales, price‑to‑cash‑flow, price‑to‑book and price‑to‑dividend ratios across the index are approaching historic peaks. Rob Arnott, founder and chair of Research Affiliates, compared investing in these names to “picking up pennies in front of a steamroller.” He warned that the market is valuing leading AI companies as if competition won’t emerge, yet shifting away from these fashionable stocks too soon can be perilous. Even smaller outfits have outperformed the giants.  Palantir’s stock , buoyed by substantial government deals, is up about 130% since April, and Coinbase has soared nearly 180% amid renewed enthusiasm for cryptocurrencies since Trump’s win last November. Bitcoin jumped above $120,000 last week as both corporations and investors increasingly embraced cryptocurrencies moving into mainstream finance. This optimistic sentiment has spread to the corporate bond market. The spread on top‑tier corporate debt over U.S. Treasuries has tightened to only 0.8 percentage points, levels not recorded since 2005. In a Thursday note, Deutsche Bank analysts questioned if this debt‑fueled equity buying represented the “ hottest euphoria ” since the late 1990s and mid‑2000s. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025.  Learn More","attrs_markdown":"[Skip to content](https:\/\/www.cryptopolitan.com\/bubble-fears-us-stocks-soar-to-records\/#content)\n\nFREE REPORT: A New Way to Earn Passive Income in 2025 [DOWNLOAD](https:\/\/www.cryptopolitan.com\/the-new-digital-money-opportunity\/?utm_source=cryptopolitan&utm_medium=banner&utm_campaign=defics-head)\n\n[converter](https:\/\/www.cryptopolitan.com\/converter\/)\n\n- [News](https:\/\/www.cryptopolitan.com\/news\/)\n  \n  Close News\n  \n  Open News\n  - [Crypto](https:\/\/www.cryptopolitan.com\/news\/cryptocurrency\/)\n  - [Economy](https:\/\/www.cryptopolitan.com\/news\/economy\/)\n  - [Regulation](https:\/\/www.cryptopolitan.com\/news\/regulation\/)\n  - [Tech](https:\/\/www.cryptopolitan.com\/news\/tech\/)\n  \n  - [AAVE](https:\/\/www.cryptopolitan.com\/news\/cryptocurrency\/aave\/)\n  - [AGIX](https:\/\/www.cryptopolitan.com\/news\/cryptocurrency\/agix\/)\n  - [Ape Coin](https:\/\/www.cryptopolitan.com\/news\/cryptocurrency\/apecoin\/)\n  - [Aptos](https:\/\/www.cryptopolitan.com\/news\/cryptocurrency\/aptos\/)\n  - 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Markets are settling for less as bad deals beat full-blown trade war](https:\/\/www.cryptopolitan.com\/bubble-fears-us-stocks-soar-to-records\/#Markets_are_settling_for_less_as_bad_deals_beat_full-blown_trade_war)\n\n[2\\. Debt surge sparks warnings of dot‑com era](https:\/\/www.cryptopolitan.com\/bubble-fears-us-stocks-soar-to-records\/#Debt_surge_sparks_warnings_of_dot-com_era)\n\nShare link:\n\n### In this post:\n- U.S. stock markets have hit record highs this summer, driven by ultra-low borrowing costs and booming tech valuations.\n- Investor sentiment has reached bubble-like levels, with Barclays’ “equity euphoria” index doubling its usual level, echoing the dot-com era’s speculative frenzy.\n- Warning signs are flashing, including historically stretched valuation metrics, surging corporate and crypto assets like Coinbase and Bitcoin.\n\n**U.S. stocks have surged this summer to levels not seen in years thanks to very low borrowing costs. Yet record valuations, a revival in speculative “meme” trading and a key “euphoria” indicator sitting at bubble‑like levels have many investors uneasy.**\n\nThis month, the [S\\&P 500](https:\/\/www.cryptopolitan.com\/wall-street-clients-cheap-stock-hedges\/) reached new all‑time peaks, and U.S. firms are enjoying borrowing rates close to multi‑decade lows. [FT](https:\/\/www.ft.com\/content\/2450c892-3b9e-431e-a352-1d01df269617) reports this turnaround contrasts sharply with the sharp sell‑off in April triggered by President Donald Trump’s threats of escalating trade tariffs.\n\nAlthough Trump moves ahead with import duties at levels not witnessed for a generation, signs of overheating are accumulating. Major technology firms have soared to fresh heights. [Nvidia](https:\/\/www.cryptopolitan.com\/bitcoin-hits-a-new-all-time-high-of-112052\/) was the first to hit a \\$4 trillion valuation while a resurgence of last year’s meme‑stock frenzy sees retail traders piling into GoPro and Krispy Kreme expecting rapid returns.\n\n“I think you’re beginning to see perhaps some very early parallels to what you saw back with the internet boom in the late 1990s and early 2000s,” said Dan Ivascyn, chief investment officer at \\$2.1 trillion asset manager Pimco. “There’s this lottery‑ticket mentality that tends to exist … It’s a dangerous set up.”\n\n### Markets are settling for less as bad deals beat full-blown trade war\nAccording to Bloomberg, the S\\&P 500 is trading at over 3.3 times annual revenues, marking an unprecedented valuation.\n\n[See also Citigroup, JPMorgan Chase, Goldman Sachs lead in early TradFi blockchain support](https:\/\/www.cryptopolitan.com\/citigroup-early-blockchain-support\/)\n\nBarclays’ so‑called “equity euphoria” index, a composite of derivatives activity, volatility and sentiment, has climbed to twice its typical level, a threshold often associated with bubble conditions.\n\n![Bubble fears grow as U.S stocks soar to records amid meme frenzy and debt surge](https:\/\/www.cryptopolitan.com\/wp-content\/uploads\/2025\/07\/bubble-2.png)\n\nU.S stocks reach record highs. Source LSEG, markets.ft.com\n\n“The indicator is clearly showing that the market is euphoric,” said Stefano Pascale, head of U.S. equity derivatives strategy at Barclays.\n\nMarket participants greeted the U.S.‑Japan [trade deal](https:\/\/www.cryptopolitan.com\/japan-trade-deal-with-us-fuel-stock-surge\/), which sets Japanese import levies at 15% and are now anticipating a similar arrangement with the EU. While these tariffs exceed pre‑Trump levels, they are milder than the dramatic rates warned in his “liberation day” address that had previously jolted equities.\n\n“These first deals are bad, but investors are happy with anything but a full trade war,” said Luca Paolini, chief strategist at Pictet Asset Management.\n\nEquities have largely ignored worries over ballooning U.S. public debt and potential threats to [Federal Reserve independence](https:\/\/www.cryptopolitan.com\/jd-slams-fed-powell-is-asleep-at-the-wheel\/), factors that have unsettled Treasury yields. The dollar has declined almost 10 percent this year versus a basket of currencies.\n\nThe rally since April has been propelled by a select group of big tech names. Nvidia’s shares have rebounded by 100%, while Meta has recovered about 49 % from their April intraday depths.\n\n### Debt surge sparks warnings of dot‑com era\nValuation metrics such as price‑to‑sales, price‑to‑cash‑flow, price‑to‑book and price‑to‑dividend ratios across the index are approaching historic peaks. Rob Arnott, founder and chair of Research Affiliates, compared investing in these names to “picking up pennies in front of a steamroller.”\n\n[See also Trump vows to punish India 'substantially' over Modi's friendship with Putin](https:\/\/www.cryptopolitan.com\/trump-vows-to-punish-india-modi-putin\/)\n\nHe warned that the market is valuing leading AI companies as if competition won’t emerge, yet shifting away from these fashionable stocks too soon can be perilous.\n\nEven smaller outfits have outperformed the giants. [Palantir’s stock](https:\/\/www.cryptopolitan.com\/defense-tech-gains-from-escalating-conflict\/), buoyed by substantial government deals, is up about 130% since April, and Coinbase has soared nearly 180% amid renewed enthusiasm for cryptocurrencies since Trump’s win last November.\n\nBitcoin jumped above \\$120,000 last week as both corporations and investors increasingly embraced cryptocurrencies moving into mainstream finance.\n\nThis optimistic sentiment has spread to the corporate bond market. The spread on top‑tier corporate debt over U.S. Treasuries has tightened to only 0.8 percentage points, levels not recorded since 2005. In a Thursday note, Deutsche Bank analysts questioned if this debt‑fueled equity buying represented the “[hottest euphoria](https:\/\/www.cryptopolitan.com\/wall-streets-trump-euphoria-hard-lessons\/?utm_source=chatgpt.com)” since the late 1990s and mid‑2000s.\n\nCryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. [Learn More](https:\/\/www.cryptopolitan.com\/free-defi-web-class-coming-soon\/?utm_source=cryptopolitan&utm_medium=banner&utm_campaign=defi-waitlist)\n### Share link:\nRead Disclaimer\n\n***Disclaimer.** The information provided is not trading advice. [Cryptopolitan.com](https:\/\/www.cryptopolitan.com\/%20) holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and\/or consultation with a qualified professional before making any investment decisions.*\n\n## Most read\nLoading Most Read articles...\n### Stay on top of crypto news, get daily updates in your inbox\n## Editor's choice\nLoading Editor's Choice articles...\n\n[PrevPreviousBank of Russia accelerates rate cuts as wartime spending slows](https:\/\/www.cryptopolitan.com\/russia-rate-cuts-as-wartime-spending-slows\/)\n\n[NextEuropean companies are losing hundreds of millions of euros to Trump’s tariffsNext](https:\/\/www.cryptopolitan.com\/europe-companies-losing-hundreds-of-millions\/)\n\n### Sign up and stay on the top\nStay informed with Cryptopolitan’s newsletters — delivered straight to your inbox.\n\n[subscribe](https:\/\/www.cryptopolitan.com\/newsletters\/)\n\n![](https:\/\/www.cryptopolitan.com\/wp-content\/uploads\/2023\/12\/CP-Dark-Logo.png)\n\nYour gateway to web3.\n\ntop section\n\n- 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Meta Title	Bubble fears grow as US stocks soar to records amid meme frenzy and debt surge - Cryptopolitan
Meta Description	U.S. stocks have surged this summer to levels not seen in years thanks to very low borrowing costs. Yet record valuations, a revival in speculative “meme”
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Boilerpipe Text	U.S. stocks have surged this summer to levels not seen in years thanks to very low borrowing costs. Yet record valuations, a revival in speculative “meme” trading and a key “euphoria” indicator sitting at bubble‑like levels have many investors uneasy. This month, the S&P 500 reached new all‑time peaks, and U.S. firms are enjoying borrowing rates close to multi‑decade lows. FT reports this turnaround contrasts sharply with the sharp sell‑off in April triggered by President Donald Trump’s threats of escalating trade tariffs. Although Trump moves ahead with import duties at levels not witnessed for a generation, signs of overheating are accumulating. Major technology firms have soared to fresh heights. Nvidia was the first to hit a $4 trillion valuation while a resurgence of last year’s meme‑stock frenzy sees retail traders piling into GoPro and Krispy Kreme expecting rapid returns. “I think you’re beginning to see perhaps some very early parallels to what you saw back with the internet boom in the late 1990s and early 2000s,” said Dan Ivascyn, chief investment officer at $2.1 trillion asset manager Pimco. “There’s this lottery‑ticket mentality that tends to exist … It’s a dangerous set up.” Markets are settling for less as bad deals beat full-blown trade war According to Bloomberg, the S&P 500 is trading at over 3.3 times annual revenues, marking an unprecedented valuation. Barclays’ so‑called “equity euphoria” index, a composite of derivatives activity, volatility and sentiment, has climbed to twice its typical level, a threshold often associated with bubble conditions. U.S stocks reach record highs. Source LSEG, markets.ft.com “The indicator is clearly showing that the market is euphoric,” said Stefano Pascale, head of U.S. equity derivatives strategy at Barclays. Market participants greeted the U.S.‑Japan trade deal , which sets Japanese import levies at 15% and are now anticipating a similar arrangement with the EU. While these tariffs exceed pre‑Trump levels, they are milder than the dramatic rates warned in his “liberation day” address that had previously jolted equities. “These first deals are bad, but investors are happy with anything but a full trade war,” said Luca Paolini, chief strategist at Pictet Asset Management. Equities have largely ignored worries over ballooning U.S. public debt and potential threats to Federal Reserve independence , factors that have unsettled Treasury yields. The dollar has declined almost 10 percent this year versus a basket of currencies. The rally since April has been propelled by a select group of big tech names. Nvidia’s shares have rebounded by 100%, while Meta has recovered about 49 % from their April intraday depths. Debt surge sparks warnings of dot‑com era Valuation metrics such as price‑to‑sales, price‑to‑cash‑flow, price‑to‑book and price‑to‑dividend ratios across the index are approaching historic peaks. Rob Arnott, founder and chair of Research Affiliates, compared investing in these names to “picking up pennies in front of a steamroller.” He warned that the market is valuing leading AI companies as if competition won’t emerge, yet shifting away from these fashionable stocks too soon can be perilous. Even smaller outfits have outperformed the giants. Palantir’s stock , buoyed by substantial government deals, is up about 130% since April, and Coinbase has soared nearly 180% amid renewed enthusiasm for cryptocurrencies since Trump’s win last November. Bitcoin jumped above $120,000 last week as both corporations and investors increasingly embraced cryptocurrencies moving into mainstream finance. This optimistic sentiment has spread to the corporate bond market. The spread on top‑tier corporate debt over U.S. Treasuries has tightened to only 0.8 percentage points, levels not recorded since 2005. In a Thursday note, Deutsche Bank analysts questioned if this debt‑fueled equity buying represented the “ hottest euphoria ” since the late 1990s and mid‑2000s. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
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[By Noor Bazmi](https://www.cryptopolitan.com/author/noor/) - Updated: July 25 2025 3:33 PM UTC 3 mins read 773663 ![Bubble fears grow as US stocks soar to records amid meme frenzy and debt surge](https://www.cryptopolitan.com/wp-content/uploads/2025/07/Bubble-fears-grow-as-US-stocks-soar-to-records-amid-meme-frenzy-and-debt-surge.webp) ## Contents [1\. Markets are settling for less as bad deals beat full-blown trade war](https://www.cryptopolitan.com/bubble-fears-us-stocks-soar-to-records/#Markets_are_settling_for_less_as_bad_deals_beat_full-blown_trade_war) [2\. Debt surge sparks warnings of dot‑com era](https://www.cryptopolitan.com/bubble-fears-us-stocks-soar-to-records/#Debt_surge_sparks_warnings_of_dot-com_era) Share link: ### In this post: - U.S. stock markets have hit record highs this summer, driven by ultra-low borrowing costs and booming tech valuations. - Investor sentiment has reached bubble-like levels, with Barclays’ “equity euphoria” index doubling its usual level, echoing the dot-com era’s speculative frenzy. - Warning signs are flashing, including historically stretched valuation metrics, surging corporate and crypto assets like Coinbase and Bitcoin. U.S. stocks have surged this summer to levels not seen in years thanks to very low borrowing costs. Yet record valuations, a revival in speculative “meme” trading and a key “euphoria” indicator sitting at bubble‑like levels have many investors uneasy. This month, the [S\&P 500](https://www.cryptopolitan.com/wall-street-clients-cheap-stock-hedges/) reached new all‑time peaks, and U.S. firms are enjoying borrowing rates close to multi‑decade lows. [FT](https://www.ft.com/content/2450c892-3b9e-431e-a352-1d01df269617) reports this turnaround contrasts sharply with the sharp sell‑off in April triggered by President Donald Trump’s threats of escalating trade tariffs. Although Trump moves ahead with import duties at levels not witnessed for a generation, signs of overheating are accumulating. Major technology firms have soared to fresh heights. [Nvidia](https://www.cryptopolitan.com/bitcoin-hits-a-new-all-time-high-of-112052/) was the first to hit a \$4 trillion valuation while a resurgence of last year’s meme‑stock frenzy sees retail traders piling into GoPro and Krispy Kreme expecting rapid returns. “I think you’re beginning to see perhaps some very early parallels to what you saw back with the internet boom in the late 1990s and early 2000s,” said Dan Ivascyn, chief investment officer at \$2.1 trillion asset manager Pimco. “There’s this lottery‑ticket mentality that tends to exist … It’s a dangerous set up.” ### Markets are settling for less as bad deals beat full-blown trade war According to Bloomberg, the S\&P 500 is trading at over 3.3 times annual revenues, marking an unprecedented valuation. [See also Citigroup, JPMorgan Chase, Goldman Sachs lead in early TradFi blockchain support](https://www.cryptopolitan.com/citigroup-early-blockchain-support/) Barclays’ so‑called “equity euphoria” index, a composite of derivatives activity, volatility and sentiment, has climbed to twice its typical level, a threshold often associated with bubble conditions. ![Bubble fears grow as U.S stocks soar to records amid meme frenzy and debt surge](https://www.cryptopolitan.com/wp-content/uploads/2025/07/bubble-2.png) U.S stocks reach record highs. Source LSEG, markets.ft.com “The indicator is clearly showing that the market is euphoric,” said Stefano Pascale, head of U.S. equity derivatives strategy at Barclays. Market participants greeted the U.S.‑Japan [trade deal](https://www.cryptopolitan.com/japan-trade-deal-with-us-fuel-stock-surge/), which sets Japanese import levies at 15% and are now anticipating a similar arrangement with the EU. While these tariffs exceed pre‑Trump levels, they are milder than the dramatic rates warned in his “liberation day” address that had previously jolted equities. “These first deals are bad, but investors are happy with anything but a full trade war,” said Luca Paolini, chief strategist at Pictet Asset Management. Equities have largely ignored worries over ballooning U.S. public debt and potential threats to [Federal Reserve independence](https://www.cryptopolitan.com/jd-slams-fed-powell-is-asleep-at-the-wheel/), factors that have unsettled Treasury yields. The dollar has declined almost 10 percent this year versus a basket of currencies. The rally since April has been propelled by a select group of big tech names. Nvidia’s shares have rebounded by 100%, while Meta has recovered about 49 % from their April intraday depths. ### Debt surge sparks warnings of dot‑com era Valuation metrics such as price‑to‑sales, price‑to‑cash‑flow, price‑to‑book and price‑to‑dividend ratios across the index are approaching historic peaks. Rob Arnott, founder and chair of Research Affiliates, compared investing in these names to “picking up pennies in front of a steamroller.” [See also Trump vows to punish India 'substantially' over Modi's friendship with Putin](https://www.cryptopolitan.com/trump-vows-to-punish-india-modi-putin/) He warned that the market is valuing leading AI companies as if competition won’t emerge, yet shifting away from these fashionable stocks too soon can be perilous. Even smaller outfits have outperformed the giants. [Palantir’s stock](https://www.cryptopolitan.com/defense-tech-gains-from-escalating-conflict/), buoyed by substantial government deals, is up about 130% since April, and Coinbase has soared nearly 180% amid renewed enthusiasm for cryptocurrencies since Trump’s win last November. Bitcoin jumped above \$120,000 last week as both corporations and investors increasingly embraced cryptocurrencies moving into mainstream finance. This optimistic sentiment has spread to the corporate bond market. The spread on top‑tier corporate debt over U.S. Treasuries has tightened to only 0.8 percentage points, levels not recorded since 2005. In a Thursday note, Deutsche Bank analysts questioned if this debt‑fueled equity buying represented the “[hottest euphoria](https://www.cryptopolitan.com/wall-streets-trump-euphoria-hard-lessons/?utm_source=chatgpt.com)” since the late 1990s and mid‑2000s. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. 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