We are heading into a DEFLATIONARY, PRODUCTIVITY BOOM (yes, you read that right) The cost of intelligence is falling 99%+ and the only thing propping up inflation is oil, which will head down to the $30s Sounds crazy? It's not (Investors, read this!) AI inference costs have dropped more than 99% while demand for tokens rose 25x. That's the cost of digital labour falling 99%+ and when robotics scales, the cost of PHYSICAL labour starts down the same curve Blockchain is doing the same thing to the cost of financial transactions Genome sequencing is doing the same thing for healthcare, as it went from $2.7 BILLION per genome in 2003 to under $100 today This is all deflation from technology collapsing costs while demand EXPLODES, this is not deflation from a demand collapse (this is a good thing) So why is inflation higher if all of this is happening? OIL Crude spiked 60% to $100+ on the war, and energy bleeds into the price of everything. But that's a war premium from a supply shock, not a demand story and it won't last for long and OPEC members are already producing over quota, so when the war ends an oversupply hits a market that doesn't need it. ARK sees $30-35 oil in the coming years and I fully agree Strip out the war premium and nearly every structural force in the economy is pushing prices DOWN while output goes UP. We're heading into a productivity boom combined with deflationary pressures This couldn't be a better time for the stock market and I believe this plays our for years ahead, not just a few months That's the world I'm positioned for inside my Milk Road PRO portfolio. If you want to see the exact assets I hold right now and see moves in real-time you can check it out here: Don't forget to give me a follow @kylereidhead for more insights on AI and markets