Stocks Zoom Back To All-Time Highs. Will They Stick? | Lance Roberts & Adam Taggart
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- Опубликовано: 8 июн 2024
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Three week's ago, the S&P had fallen below 5,000 and Wall Street was worried the party in stocks might be over.
Nope.
Stocks rebounded and, as of today, the S&P, Dow, and (almost) NASDAQ sit at all-time highs.
Technically, it looks like the bull trend is set to continue says portfolio manager Lance Roberts, especially with $1 trillion of announced buybacks set to flow into markets through the rest of the year. Though stocks have moved so far so fast that a short-term pullback is quite likely.
Lance and I discuss what's driving the current stock surge, the signs he's monitoring to sense when it may be ending, Warren Buffett's latest warning to investors, and Lance's firm's latest trades.
For everything that mattered to markets, watch this week's Market Recap.
#investing #bullmarket #stockbuybacks
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these market recaps are always hilarious. out of all the things said basically what lance is saying is: "I'm not really fucking sure what is going to happen, either the market goes up, goes down, or stays the same."
I think he's very clear. The market is going up, unless it starts to go down. Then it's going down. 😆
👍Thanks.👍 Adam, I never credited him at the time but David Hunter's 5500 SnP melt-up prediction is now almost correct. Re-invite as promised ???
I'm sixty and I wish I had bought the total U.S. stock market (VTI) when I still mowed lawns at 12 and kept buying it all these years and never, ever sold. My errors over the years have always been selling and then failing to buy back in on time. My suggestion to every youngster is this, "The stock market is a pet like your dog or cat or pig or goat." You need to feed it regularly which means you need to invest your money into it at least once a month, at least $10 whether you think you can afford it or not. Just keep feeding the beast. There will be times when he looks fat, even obese, and other times when he looks sickly and scrawny. Never fear! Just keep feeding him. When he looks sickly and scrawny, if you have a few extra bucks, feed him extra! Just don't sell no matter what. After forty or fifty years of investing this way, the day will come when you will finally want to start eating small portions of your pet. Don't worry. It won't hurt him. Just eat whatever you need and he will be so healthy that he will keep growing faster than you can eat and you can give him away in your will to someone else whom you love. Start young. Feed him always. Never sell until you're old and he's huge. By that time, you can eat an ear or a toe or a fingernail and it won't even hurt him. He will still keep growing. Happy investing! :-)
Well, I wouldn't say "don't sell no matter what" - very much depends what and when you are buying. I have lost a lot of money from failing to set stop losses or buying at peaks of the market. I have also lost a lot from trusting tipsters and not doing enough of my own research. One stock I bought went to zero. Another that was a bust was Shopify. I bought at the peak and there was a big tech sell off and it's never recovered. And it may never do so.
@Jalleur14325 he said VTI. Not a individual stock.
the stock market is nothing like a pet dog; it's more like a pet crocodile and it will ruthlessly take your arm off.. the markets are nothing more than a ponzi scheme run by gangsters.. anyone fuelling the criminal fraud is part of the problem.. there is no stuch thing as a free lunch and the debt built up over the last four decades is about to bring the whole house of cards down.. historically after periods of hystreria of the kind we are currently witnessing the downtruns can take a generation or more to recover from.. this time though the implosion could mark the end of the dollar as the global reserve currency and that couild spell the end of the pyramid scheme for good
That boomer strategy will not work in higher interest rate cycle going forward
Wise words! And hilarious analogy 😅
Lance could literally say anything, im not moving from my bearish position. The economy is fundamentally not healthy.
The economy does not matter. I made the mistake you are making 15 years ago. We already are mathematically bankrupt. It doesn`t matter.
This. This is the mindset the market has about amaricas debt, they think it'll never catch up with them.@@derekwatson7037
The market says you are wrong..
@@SunofYork The market will be the last to know.
Everyone always seems to think that the yield curve inversion doesn't mean recession... Until it happens.
I wait all week for Lance. I have not missed an episode of his since I found Adams' weathion. Thanks, guys, for your work and wisdom
"markets are fine". Dude if these are the boom times, most people ain't feeling it...
It's "Boom Times" for, the HAVES ( Upper 20% ) that ARE ,.. IN,.. the Market !
Enjoy,.. the "Melt Up" ,.. COMING !
Earnings and CHARTS are,.. Looking GOOD !
Maybe it would of been wise buying gold and silver years ago? As inflation destroys lots of peoples wealth people who own gold and silver preserve their purchasing power....
@ Midnight,..
You need to SEPARATE, the Stock Mkt from, the general Economy as, the TOP 20% HAVE most of, the Money to,.. Invest !
Thank you Lance for a fresh air of optimism. 🎉
God bless you during these tough times.
Adam, Lance is providing a service. His job is to assist those who care enough to invest. He is not addressing the problem that you, Adam, are addressing. Lance is all about playing the hand that has been dealt. You, on the other hand, Adam, care about who is dealing the cards, whether the deck is stacked and if the dealers are stealing the aces. Lance knows the decked is stacked and tries to factor that in. History shows us though, that when the game is fully rigged the punters burn down the gambling house. That is Neil Howe's approach. Crises are regular because humans are predictable. Asimov's "Foundation" was based on this view. Right now, those dealing the cards are printing more cards...
I realize I have been too bearish for too long. I like Lance and his realistic understanding and assessment of the markets, momentum and long term trends.
Just own gold, it's like being bearish but against the economy
now that's a topping signal right there!
@@tatersquad2000 Straight up LOL - all the bears capitulating.
@@connorferguson2269 and gold/silver equities :) that way you can play the safe game but also a bit of risk too. I recently took 40% of my bullion (my entire liquidity) & put it to work in precious metal miner equities, & they have ripped. AEM & PAAS have been rockstars! have outperformed bullion since I purchased (late Feb) & expect to far outperform if the metals continue to break out (highly likely considering silver chart)
Don’t worry folks. I’m not jumping in now. I’m following Warren Buffets advice. “Nothing of value to buy now “
They never talk about TLT anymore, so probably time to buy,
Too late...it popped up... I sold 250k of it the day before it popped
I'm hoping to get it at $86-$88 in late June
@@jimkozubek4026 Ner take advice from a man who uses a rotating pencil as a prop
@@SunofYorkwow. I thought I did risky trades investing 5-10k in one stock...
Im from Munich and I love your interviews with Lance every Weekend. Have a nice weekend
Adam! Lance is phenomenal when he get's overexited! Sitting here in Sweden every Saturday afternoon to look at your show!
Finland following this, too.
Watching from secret base on mars!
@@icerainj so were are all very close 😂
Peeping out from under the Eiffel Tower
*overexcited.
And the other thing I learned from Lance is, how to be a person -- you need to always stay positive and hopeful no matter how bad things are and will become. That is under our own control and that is the only thing that can keep us going & fighting through hardships! Be a positive person, recognize the negatives and the pessimistic -- can't have them in our life because life is hard enough already!
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...i have delve deeply into active trading and managed to grow a nest egg of around 127k to a decent 432k.. I'm especially grateful to Flora Elkin, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It is really refreshing to see a comment about Flora Elkin.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary
Nice to see this here, Flora Elkin's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
Lance is a rock solid guy! Very resilient!
Thank you Adam and Lance
Ask, Lance about the light volume of trading making the current all- time highs. It’s mostly retail driving the highs.
Kudos to Lance for his commitment during a difficult situation. Always look forward to these Saturday discussions, thanks to you both.
Podcaster, youtube whos work is speaking: bububu, yaknow, wewewe, yaknow, yaknow, thithithi, cant formulate questions in an optimal way
Lance, just a trader, guest: formulate his thoughts briliantly, 0 trash words, briliant mind. Lance dance!
Why are the big investors selling stock and holding larger than normal amounts of cash?
Gotta love lance, market goes down 5% over a month and it’s oversold. Market goes up 10% in 2 weeks and it’s only going higher. You don’t even have to listen to the interview to know what he’s predicting with I’m sure a slight correction right before we hit 6k by end of year
He's just looking at the technicals, no need to be mad about it.
@@Cos_Why_Not whose mad? He is a financial advisor he’s required to pump it. It would be like Powell saying banks are on the verge of collapse or a real estate agent telling you you shouldn’t buy in this market. It won’t cost him anything if people got trapped at the top. And then he will be talking about how he was hedged and knew it was coming down the whole time.
@nadruik9890 Yes. He's a Financial Advisor and a Salesman. The more money he brings under management the more he makes.
Market Up? "Buy more, it's a trend!"
Market Down? "It's just a correction, buy the dip!"
@@nadruik9890 "And then he will be talking about how he was hedged and knew it was coming down the whole time."
Great discussion!
Dr Lacey Hunt would disagree with Lance about markets being a good recession indicator tool you know.
Famous short seller = Michael Bury.
Thank you Lance and Adam. These recaps are invaluable for us retail investors, who don't want to miss the melt up.
Lance would make a very carismatic teacher.
Few thoughts on Lance's "stock market can predict recessions" theory:
- The S&P500 is very concentrated, the largest 50 or 100 stocks can push it higher while the rest has zero or negative profit growth (plus these top 50 or 100 companies only employ a miniscule amount of the total US labor force, so they are more relevant to the stock market than to the actual economy)
- Lance is talking about conscious buyers and sellers, which is not really true anymore, because of passive flows (the Mike Green argument). People are mindlessly buying ETFs every month while they still have a job despite of the economic outlook
When big masses of people stop going to MickeyD after the kids soccer games because the parents' work hours got cut and they are too poor to have credit cards, MCD earnings look shaky. Sure, there is a lag. But MCD is already coming up with a $5 meal. Just a small example. I can tell recession is coming because the street traffic next to the ocean is down 24/7. People aren't buying gas to party on the beach on weekends. Not like 2 months ago. Si CVX earnings will take a hit. These folks don't own stocks, they buy the products.
People also have short or memories, in the same way a generation hasn’t seen >1% interest rates a similar crowd want the S&P as it always goes up. This is a very dangerous mix with nothing fundamental that I can see to back it up. If anything I see a rug pull event come the end of the year when this dog and pony show the the WH is pulling comes to an end.
@@k.dermer2168 understood. I feel bad for those people who are truly suffering and struggling and am aware that they don't get to participate in the stock market. But, think about it, what would Adam's doom and gloom viewpoints do to help those people? It is just worthless in my opinion. When there is a problem, you would want to solve it -- but Adam's approach ain't gonna fix anything, rather than ranting and letting things out of the chest.
On your second point I agree, I think it’s a tad disingenuous to draw the wisdom of crowds argument since the majority of the flows these days are either passive ETFs or large institutions as he himself admitted.
I’m sure lance will say he saw it all coming and wrote a paper last week about it when the market turns for the downside.
I’m very wary of “we know everything about how markets operate” types since if this were true you’d be on an island somewhere not messing about shilling your services on RUclips.
@@Andrew-dp5kf a couple of months ago, lance went to Greece. So I guess kinda he was on an island. :-)
Finland here, hello Adam! I'm a keen follower of T.M. since the start. Extremely interesting!
The problem with all these ‘experts’ are they thought they were smarter the market. No, you are not!
Agreed, lance seem to be a guy who goes more into the short term and sure the coming quarter might stay up but lances evidence seems to rely on the numbers given, the problem is that many are suspicious those collected numbers are manipulated in some way to appear better. I think it's just the rich delaying there financial demise and comeuppance for the system they've created.
@@connorferguson2269What would be the point where you declare you're wrong about an imminent recession? Not saying you are, I think the risk is a lot higher than normal, but just checking your bias.
@@Cos_Why_Not "What would be the point where you declare you're wrong about an imminent recession? "
what do you mean? we have already been proven right. inflatioin has been at 8-16% the last few years and gdp has been lower
has zimbabwe never had a recession?
Lance's clever Whole Paycheck comment was pretty funny. Haven't heard that in a while, but he's quite right how relevant that quip has become to modern grocery inflation.
Love listening to you two every Saturday morning. Thank you 🥰
Lance is pointing out the difference between people who want to be right and people who want to make money.
As usual, entertaining and informative. Many thanks.
The more I read financial media the more confused I get
YEP!! JOIN THE CLUB
Gaslighting.
Nobody really knows a thing. Plus, all the things that used to work don't work anymore because too many people know about them now. Add to that the wildcard which is government printing and stimulus (still very much alive and well) and nobody knows a thing.
You two are the best, I honestly love listening to you
I look forward every week to this podcast
Thank you both for educating me !!
Thanks!
Lance's ability to stay positive and keep a smile on his face while talking about a natural disaster is amazing
I'm going to subscribe. Adam, I see you nodding as I'm saying this.
😂
I think Lance is off regarding market predicting recessions - the market peaks just as we are entering the recession, the grey areas. That's not predicting, that's reacting to.
Either way the market is the best way to see it happening.
Lance is fantastic. Love me some Lance.
Oh wow! Lance just said the unspoken truth about productivity and the coming AI revolution. It will benefit some but things will get worse for the majority. You can sit and pound your chest or you can figure out how to benefit from this.
As a retired business owner in aluminum manufacturing, this is ABSOLUTELY the TRUTH!
Thanks as always to Adam and Lance for such a great conversation on market analysis and economic trajectory.
Hey Adam! Big fan and love the show as always. Keep crushing it 💪🏻 could you please ask Lance next time what differentiates a market correction from an actual bear market? Because it seems to me as though what would be considered a simple 5-10% correction could actually be more than that at some point…. What signals or information shows that? From what I have heard from 2007/2008, most people were thinking that the initial downturn was just a correction that was proven to be unequivocally false. Thank you!
Great point.
Thanks
I enjoy spending time with you guys every Saturday, it feels real.
Very nice ending to this video. Thanks
Another stellar session by Lance. As I keep saying always very practical and fit to purpose strategy. Love his show.
Another certified market classic 💪
Cool report. Love your Simple Visor Platform. Keep showing it learning a lot. When it comes out can't wait to subscribe.
Same here. Hope it also covers Europe
One of my favorite segments every week I look forward to this like Saturday morning cartoons when I was a kid ☕️ thanks fellas!
Same! LOL!
Who is Bullwinkle ?
I'm currently on a weight loss program to lose 20 lbs and I can attest to the lag effect.There is a lag effect between the exercise and healthy eating and the weight loss.Lag effect!!!!!!!
😂
Excellent Analysis as Always 👏👏❤
you both are my financial friends
All in!
Another great episode of weekly recap with a lot of valuable information and most important of all: the positive attitude towards the world and life that you both radiate. Thank you Adam and Lance!
When you have money and no debt it is easy to be positive. Lance manages money his job is to be an optimist. The Fed will print and keep buying its own bonds. Market can never ever go down .
Fantastic in my opinion the best thing you can do for your mental health and maybe your physical health is stop watching mainstream news.
This is the absolute best financial interview available anywhere. This is the perfect weekly update. I could only watch this and know everything I need to know about investing in this market.
AMZN is a stock you just want to buy ang hold... regardless of point in cycle.
very helpful! :)
I still think with the increased possibility of a terrorist attack on our country, that one could really catch a lot of investors off guard and fully invested. That’s a tough thing to hedge for but a good reason to hold cash
it will happen, but you can lose alot of money trading the possibility...
Great market recaP. I noticed the 2nd longest bond yield inversion is now 1978, shortly before the switch to monetary dominance.
Lance is my best online friend😃👍🏼
Lance - thanks for your commitment. wishing you, family and all at Houston a speedy return to normality. Always enjoy the weekly recaps and rely on it to make sure it fills any gaps in my view of market events
Thanks you for calling out the good in a sea of negativity, nice touch
ONEOK is pronounced one-oak. Love the show.
always nice to hear Lance has conviction on a stock you just added :)
The market was only 1-2 months ahead of the 2007-2009 recession.
The market was completely blindsided by the economic downturns in 2020 and 2022.
The market is no longer a leading indicator.
Never was nor will ever be.. the market is always bullish until it is blindsided by negative turns. Laughable thinking otherwise, nothing predicts tmrw, just guesses and trends!
Yes but lance makes a good point about earnings being an indicator.
@@Jalleur14325 true.. but earnings are only reported qtrly.. so at best earnings will only show trends (slowing economy over multiple sectors) over multiple qtrs. If just one, the market will state it is just a blip or make an excuse to be bullish (see A.I.)and push higher. Markets are always bullish until they are beat over the head that the economy is in fact bad and slowing rapidly. Narratives die hard both ways!
@@Jalleur14325 Earnings are reported in current dollars, not constant dollars. Inflation distorts corporate earnings just like it does everything else.
I have travelled and worked all over the world and have found that when lost or in need of help most anywhere, if you "Cast your fate to the kindness of strangers" in 99.9 % of cases you will find that they are helpful, kind, and just plain nice human beings.. I definitely agree with Lance on news and feel that the best thing to do with your TV these days is use it like a clothes rack ( just like you do your in home exercise equipment ) is it's best case use.. Have a couple in the house and haven't even turned them on in the last few years.. I do however look forward to your guys weekly talks and rarely miss watching them..
Adam, I’m newer to your channel. I started watching about 5 or 6 weeks ago, including the Thomas Hoenig interview. I have been a Ron Paul - Ludwig Von Mises Libertarian fiscal conservative and still am. I’ve been bearish for years. Lance has really rubbed me the wrong way, but honestly I’m starting to understand him. I do believe the middle class is being destroyed, but I can’t change our current circumstances. Therefore I’m buying what Lance is selling. Like your Harbor Financial guys, I’m long with hedges in place. I was short everything. I like selling options short to collect premium. So, selling a lot vertical call spreads. My losing trade were catastrophic. Was winning a lot, but gains were small in comparison . Was basically treading water. Hard to get out of that habit. Lately selling cash secured puts and doing much better. Will keep an eye on you and Lance.
Gentleman, again a sincere and whole-hearted thank you for this week's program! Both for each of you and your willingness to provide solid information despite personal hardships. Lance, thank you for your willingness to instruct with clarity. You are talking on points of your expertise and are willing to even provide details of your thinking on investment ideas and trends. These are the very thoughts that are your proprietary information concerning your business. I anticipate that you will continue to really enjoy teaching the regular Joe on the details of how to think through a particular investment. It is as if I am sitting in on investing lectures each week. Adam thank you for the quality of the content you produce each and every week!
Anecdotes are only a part of the story, but anecdotally our household has cut back on ordering fast food every weekend. We usually just cook something now. Prices are just too high for frequent takeout.
The talk on AI fundamentally changing our world is getting old. Some tasks yes. I don't see how AI will replace media industries. I would not pay money for songs generated by AI, I would pay to see a live musician in concert. All this AI hype from the financial media are driven by profit incentives and tech companies who also have a profit motive.
I'm still waiting for all truck drivers to be put out of work in 2021 (as was stated in an article from 2017 that has since been taken down).
If "no job is safe from AI", there is no spending to generate any profits. None of this is realistic and this is a lot of science fiction to grift investors.
I guess time to dump my utilities stocks just like tech stocks if that is what the herd is doing
If RFK jr actually gets in office this whole thing is in for a rude awakening. Those people being left behind I'm sure will want to make their voices heard the one chance they have.
I did like Lance’s stuff up till today where I heard his flaw.
Lance mate - that head strong statement and belief of “no that’s wrong” around the 15 minute mark - is your downfall. It’s very clear in your tone as well as your statement.
Use the charts
Let’s grow wealth!!!😊
The most significant lesson I gained from the stock market in 2023 is that uncertainty prevails, emphasizing the importance of humility. Adhering to a long-term strategy with a competitive edge is key
Certainty eludes everyone; thus, it's vital to establish your own methodology, handle risk, and adhere to your strategy unwaveringly. This commitment should endure challenges and successes, all while maintaining a commitment to ongoing learning and improvement.
Embracing uncertainty, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach.
Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Camille Anne Hector is the analyst that helps me. She has a large following and is easily found online.
She has extensive understanding as I have made so much since following her.
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing.
nice story at the end re the jacket. easy to lose sight of at times
hello Adam. thanks for the service you provide. can you get Sven from Northman traders back?
The market is not a predictor of recession.. laughable it is stated otherwise. The market is always bullish until it is forced otherwise. To think it predicts otherwise without shit data hitting it over the head is just ridiculous.
As Lance points out, we are now entering a regime where there will be a bifurcation into a small group of wealthy and a large group which is economically strained. While that is not fair, rather than complaining, it is better to do everything we can to improve our lot in this world.
Adam means well, but his outlook is perpetually negative.
I’m afraid that he might be right 😢
Best wishes to Lorenzo 🥰
I like Lance!. And oddly my son is named Lance Roberts and they are about the same age. Amazing!
AI may replace financial advisers too 😂
In a sense it already has...with algorithms and high velocity trading the individual can't compete. This has become very obvious over the past several years
Lance hit the nail on the head here. Trying to fight the market is a very dangerous game to play, because markets pre-price all known factors ahead of time. So basically for most of us just get a passive well diversified index and keep it for ever, because time in the the market is the key, as we are often told. Or get an expert like Lance to manage your portfolio, of course!
Adam you were looking for Michael Bury..
Question for Lance next time; if recessions are called 6-12 months in delay, the market correction occurs simultaneously with the recession declaration?
I hope Lance and the good people of Houston recover quickly
If Lance were one of those crazy preppers, he would have a generator
Lance is a prepper
What made you think that he doesn’t have a generator? Just listen to him 😅
I'm not a prepper but I have a generator lol
Hurricanes in Florida
He said power went out at his house.
Yes, a generator at you home would turn the power back on. Also, the prep in prepper means prepare. In my crazy world, if you buy insurance, a generator, some extra food or have a plan for emergencies, you are a prepper 🤷♂️
Target, Amazon, Lowes & Home Depot earnings are all down. And Walmart is up. What do we think that means?
Lance Lance!.
No concern about a blow off top? Is that Lance whistling by the graveyard again?
Let's go!.
I like Lance because he actually manages money and has to hit performance metrics, unlike most of the “macro experts” on this show.
CPLIE…copper, platinum, silver all pointing to higher inflation
Having read through these comments, they appear to have become a pretty good contrary indicator. On the whole, the majority are way too happy. Retail investors have been engaging at record levels recently. You know, the bag holders. He may be old, but I personally still respect the Buffett approach who is at all time record cash levels at the moment.
What is going on with Lance’s hair? His right side is jet black, the top and upper left side is his usual brown, and the bottom left side is gray. 🙃
Praise God for Lorenzo! 😀👍❤️
IOW, there won’t be a recession warning from the government prior to the market crash.
As someone who has worked in data centers, AI is not going to "save" us. Those places are run so inefficiently at the ground level because leadership just wants to sit in their cozy offices and watch their stock prices go up. Many of the managers and project leads above me had never even been in a data center before! The only reason AWS and other data services are doing well right now is because of brute force demand and speculation. AWS's business model is based on scalable computational capacity, which means businesses who utilize server resources can adjust their needs as they see fit. If an economy that is 70% based on consumer spending sees a weaker consumer, then the businesses that use this computational capacity will scale back their usage when their revenues decline. People forget that the world runs on food and energy, not dollars and binary. If the lifeblood of the economy, which is real people doing real things, falters, so will the demand for AI. AI-generated music doesn't help us harvest crops any faster. If your average family is having a hard time putting food on the table, where is the demand going to be for this AI that is supposedly going to fill in the gap between debt and GDP? Improving productivity in white-collar jobs isn't going to matter when there is no demand anymore for white-collar services. Right now, those Netflix subscriptions and money going towards content creators, etc. are being put on credit cards. When that can't happen anymore, I think this narrative is going to fall apart. But people are so disconnected from reality they don't see it. They say "see, look how much faster I can generate this RUclips thumbnail with AI, clearly this infinite growth trajectory must be sustainable!" The world is complex and interconnected. Anyone who thinks we're going to see a productivity boom just because their sector is doing well is living in a small, compartmentalized bubble. To anyone who has this perspective, I would challenge them to go to some poor town in Illinois and ask the factory workers there how AI has improved their lives. Because that's where real stuff is made, not financialization and casino chip currency.
In regards to the Walmart discussion, for me it has been a no brainer. Many millennials, myself included, are in their 30s and budgeting grocery trips for an entire household. Walmart has a massive grocery selection and they've been expanding premium products such as organic produce, organic dairy, and even American wagyu beef (not kidding). Their grocery delivery vans have also been a game changer for us (via Walmart+).
Lance, I hope everyone is ok, extensive to properties.
Hopefully, when the coming, devastating financial storm hits the markets in the insidious way it usually does, our friend Adam will display the same glib nonchalance that he so smilingly displays in the aftermath of the storm over Houston. One suspects that when suffering financial devastation, he will not weather that catastrophe as well.