Financial conditions easing post-Fed cut, tight credit spreads, gold highs, equities roaring mirror 1970s pattern where inflation fell then rebounded; deficit spending at 7% GDP with full e…

Market breadth narrowing is necessary condition for bear market but not sufficient; financials broadening provides some offset; current conditions warrant caution but not outright bearishne…

Hyperscalers spending massively on AI models but multiple players will produce similar results, creating winner-take-most not winner-take-all; real value will emerge in unforeseen applicati…

Just as early internet believers could have waited for Uber/Facebook applications, AI investors should be patient for unforeseen killer apps rather than chasing infrastructure layer where c…