Key insights
- The author speculates that the market is anticipating a dovish Fed pivot due to a potential change in leadership, leading to further money printing and asset inflation. They believe this expectation is offsetting negative economic data and geopolitical concerns, keeping the market elevated despite underlying economic weakness. The rise of AI and its potential impact on employment and consumer spending is also a concern.
I’m convinced the market knows Powell is leaving soon & Donny will put in power someone who will do whatever he wants (cut rates)
which will lead to more money printing… this is good for assets yet bad for the dollar. Which is why the market hasn’t gone down on continuous bad news from the war. The market is 100% a joke. 1.2 million job losses last year & GDP growth at 0.5%.
I’m not sure how companies are accurately estimating future growth if Ai is set to take more and more jobs which leads to less consumer spending at said companies The economy is In decline yet we are still hovering around all time highs