According to CoinMeta, renowned strategist David Rosenberg warns that the valuation, leverage, and investor positioning in the U.S. stock market have reached unprecedented levels in his forty-year career. He believes that the market's dependence on artificial intelligence has surpassed the reliance of stocks on technology before the internet bubble. Rosenberg is shifting to U.S. Treasury bonds and international stocks, and warns consumers of their growing dependence on stock market returns. He stated, "What I'm seeing is something I have never seen before."