i think we're entering one of the most uncertain periods for markets because of AI
the technology is advancing so quickly that it's almost impossible to predict what the next 12 to 18 months will look like
we could see major breakthroughs, significant disruption to existing businesses, or risks that nobody has fully considered yet
that's part of why i'm cautious on equities right now. investors have made substantial gains, and this level of uncertainty gives them plenty of reasons to reduce exposure
markets hate uncertainty, and i'm more focused on understanding how that uncertainty translates into price action