AI Doomerism

October 6, 2026
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In this week’s GVA Market Insights, our Asset Management team explores:

  • AI Doomerism Hits Markets: Warnings from AI insiders and Dario Amodei’s call to slow frontier development rattled AI stocks and pushed the 10 year Treasury above 5%.
  • Is it Time to Buy Treasuries? With the Shiller CAPE near its 1999 peak and long yields above 5%, bonds offer the best duration payoff in nearly two decades. The question becomes where is the topping point for yields?
  • Midterms & the Outlook Ahead: Forecasters favor a divided government, a setup markets have historically handled well.

Advisors associated with Great Valley Advisor Group may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of Great Valley Advisor Group; or (2) solely investment advisor representatives of Great Valley Advisor Group, and not affiliated with LPL Financial. Investment advice offered through Great Valley Advisor Group, a registered investment advisor and separate entity from LPL Financial. 

Eric Parnell, Eric Hough and Evan Coffey are solely an investment advisor representatives of Great Valley Advisor Group, and not affiliated with LPL Financial. Any opinions or views expressed by Eric Parnell, Eric Hough or Evan Coffey are their own and are not those of LPL Financial. All performance referenced is historical and is no guarantee of future results. 

All indices are unmanaged and may not be invested into directly. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. Bond yields are subject to change. Certain call or special redemption features may exist which could impact yield. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.

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Eric Parnell
Eric Parnell is our Chief Market Strategist, applying his expertise in finance and economics to manage multi-asset portfolios, mitigate risk, deliver advice that promotes informed decision-making, and facilitate investors achieving their short-and long-term investment goals. He leads the Asset Management platform overseeing the management of asset allocation models for advisors and their end clients. Eric also provides economic, market, and investment related analysis and communications to our network of advisors and clients as well as the broader financial media. Eric has appeared on CNBC, CNN, Money Matters TV, NPR-Marketplace, Seeking Alpha, and CFA Magazine.

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