A Market Ahead of Its EconomyA Market Ahead of Its EconomyA Market Ahead of Its Economy 

Key Takeaways The market is unusually disconnected from today’s economy. The market is focused on the future of AI rather than the near-term economy. Most of the market’s value is a claim on a future economy. Markets are reacting asymmetrically. The war’s end mattered to markets; its continuation did not, since it has little effect on the […]
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