Overview

• Sorkin says a market crash is inevitable but its timing and severity are unknowable, drawing explicit parallels to 1929.
• He argues the economy is being lifted by an artificial intelligence boom that could prove a bubble once the rush fades.
• U.S. indexes remain elevated after a Friday selloff tied to President Trump’s threat of a 100% China tariff, with futures rebounding after his softer tone Sunday.
• He warns investor protections have eroded, pointing to looser SEC oversight, a diminished CFPB, and proposals to let retirement plans add private assets and crypto.
• Sorkin adds that many CEOs fear criticizing the administration due to potential regulatory retaliation, while other financiers have also flagged correction risks.