Mohamed El-Erian says the US stock market is "out of whack."
The top economist pointed to high valuations and troubling technicals.
He said there are risks of a near-term "air pocket" as investors shift their focus to monetizing AI.
There are two things seriously wrong in the US stock market, Mohamed El-Erian is warning.
The legendary economist and famed investor sounded another alarm about the state of markets recently. He pointed to two things in particular that worry him — valuations and technical signals in US stocks, which both look "out of whack," he said, speaking to Yahoo! Finance last week.