EXCELLENT EQUITIES

Despite significant policy uncertainty and slowing economic growth, equities are at record highs. Here’s why I think it’s happening. The stock market is increasingly uncorrelated with the economy due to the Magnificent Seven. The AI story has captivated investor’s imagination, and the AI capital spending surge has massively boosted GDP. Additionally, the weakening dollar has boosted corporate profits of firms with overseas revenues, and the Fed will soon lower rates.