I’ll say it
If it weren’t for AI, I think we’d be nearing the 2022 bear market lows
Look at where we are:
Supply shock inflation
Rising bond yields
Low-quality small caps getting destroyed
Weakening consumer
It’s the same playbook, but with a sudden multitrillion-dollar buildout
I wonder how sustainable that is
I’m really struggling to decide whether we’re nearing sentiment and economic lows or if this is just the beginning, and the economy won’t be able to sustain the AI buildout