What many market participants are missing is that the non-AI economy is faring poorly as growth decelerates.
Should the rate of growth in AI capital spending moderate… Katie Bar the Doors.
Slugflation (sluggish growth and persistently high inflation) is here and is not market friendly.
Position: None
Position: None
“The AI Boom will become a story of one of the largest destructions of shareholder value in history.”
– Financial Times
Position: None
Position: None
Position: None
Position: None
Wolf Street howls about a trifecta of headwinds.
Position: None
With S&P Futures +24 handles and the Nasdaq futures +196 handles, I have added to my very small index shorts:
* $SPY $736.12
* $QQQ $706.38
Position: Short SPY (VS), QQQ (VS)
The S&P Short Range Oscillator is back into oversold at -2.08% vs. 0.04%.
Position: Short SPY (VS), QQQ (VS)
