My Current Bias, in One Line

I’m fatalistically bullish on risk assets in the near term, because AI CapEx, affluent-driven consumption, and still-elevated nominal growth are structurally good for profits.

Also, very simply when money gets cheaper to borrow, “risk assets” usually perform positively.

At the same time, I’m deeply skeptical of the story we’re telling ourselves about what this implies for the next decade:

X: https://x.com/arndxt_xo/status/1997985136005251370
FULL Article: https://threadingontheedge.substack.com/p/my-current-bias-in-one-line