Legendary investor Jeremy Grantham sees shades of the dot-com bubble in markets - and predicts stocks will slump and recession will strike

• Jeremy Grantham compared the post-pandemic boom in stocks to the dot-com bubble.
• He expects stocks to fall and a recession to hit as hot air escapes the overheated market.
• The GMO cofounder doubts AI buzz can offset the impact of higher interest rates and tech woes.

Jeremy Grantham has compared the post-pandemic market mania to the heydays of the dot-com bubble, and predicted that stocks will slump and a recession will strike.