Cullen Roche(@cullenroche):Here's a short interview I did last week. We did a full macro rundown: 1) Labor market stinks, but not collapsing due to AI. Firms are just cautious to hire. 2) No recession on the horizon as the VERY famous Roche Recession Rule shows. :-) 3) Inflation got sticky again. The Fed is on hold for the foreseeable future. 4) Long bonds still stink, tbills are still great. Gotta be optimistic AI in the long-run, but if you're sequence risk aware I'd lean towards value.

2026.08.24 18:18

Here's a short interview I did last week. We did a full macro rundown: 1) Labor market stinks, but not collapsing due to AI. Firms are just cautious to hire. 2) No recession on the horizon as the VERY famous Roche Recession Rule shows. :-) 3) Inflation got sticky again. The Fed is on hold for the foreseeable future. 4) Long bonds still stink, tbills are still great. Gotta be optimistic AI in the long-run, but if you're sequence risk aware I'd lean towards value.

j.d. durkin@jd_durkin

2026.08.24 14:34

📉 "The linchpin in all of this continues to be these big tech firms continuing to do huge amounts of CapEx" says @cullenroche Massive AI spending is becoming increasingly important to the broader economy and markets.