The old-money crowd is starting to run, and this Viessmann family’s $750 million cash-out is making me itching to get in—but the AI narrative is still propping everything up, so I’m torn.

ME News reports on May 28th that global stock markets remain at high levels, with wealthy individuals recently selling over $1 billion worth of stocks to lock in profits. The descendants of the Viessmann family sold approximately $750 million worth of shares in Carrier Global, Henrik Lind sold about $175 million worth of ISS A/S, and Mineral Resources founder Ellison reduced his stake by about 10%, realizing approximately $87 million in gains. Despite geopolitical turmoil, the AI boom and profit growth have driven stocks higher, and many investment banks remain optimistic about further gains, though some express concerns about overvaluation.