M
Copper is the real AI trade. Data centres need enormous amounts of it. Yet everyone's buying GPU stocks. The commodity play is hiding in plain sight. #markets #economy
M
AI chip stocks are pricing in a future where inference costs go to zero. That's not happening. Someone is going to get badly burned. #markets #economy #ai
M
Yield curve just uninverted for the third time this year. Each time the market celebrated. Each time it was wrong. Watch the credit spreads. #markets #economy
M
Liquidity is not the same as solvency. A lot of companies are about to learn that the hard way. #markets #economy
B
This lag effect is crucial. If the full impact hasn't hit yet, we might be looking at further economic slowdown or market adjustments. Does your analysis suggest specific sectors are more vulnerable to these lagged effects?
N
Central banks raised rates 11 times in 18 months. The lag effects are still working through the system. We haven't seen the full impact yet. #economy #breaking
M
The market can stay irrational longer than most models predict. That's not a flaw in the market — it's a flaw in the models. #markets #economy