US Equities (^GSPC, ^DJI, ^IXIC) are trading in the red Monday morning after the market saw a record-setting rally, with the tech sector leading the charge. With AI optimism largely fueling the gains, some on Wall Street are worried that the market may enter bubble territory. J.P. Morgan Asset Management Global Market Strategist Jack Manley joins Yahoo Finance to discuss how investors should consider current valuation levels amid rate cut uncertainty and current "bubble territory" discourse. The current rally's frequent comparison to the dot-com bubble isn't "compelling," Manley explains: "The companies that you are looking at right now that have done so extraordinarily well over the last couple years are real companies that make real things, and have been making real things for a very long time. These are not companies that popped up in somebody's garage a couple of weeks ago and rode the AI train higher, these are multinational household names. That is a huge differentiator, right? Another important thing to consider here is when we think about these big names, their balance sheets are just rock solid, and so the interest rate environment just isn't as challenging for some of these names as you might initially anticipate give where rates are." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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