AI killing office jobs
For years we envisioned that AI robots would kill blue-collar jobs (assembly lines, warehouses, chauffering, cashiers). Instead, in 2024 there
Macro
30 posts
S&P 500 at 21x
The S&P 500 is trading at 21x current earnings (vs. the ten-year average of 17x), suggesting there’s
US Dollar Strengthening
How come the US dollar strengthened versus other currencies while weakening against itself? Weakening against itself is an absolute measure.
2023 Homebuilding Boom
Homebuilders are the unlikely benefactors of the rising rates that tanked housing demand. 2023: Double interest rates + inflated home prices
US Federal Deficit in 2024
The market has priced in several rate cuts in 2024, but in reality the $1T+ federal deficit may force the
Commercial Real Estate Crisis
If you’ve heard about the looming commercial real estate (hashtag#CRE) crisis, tonight 60 Minutes had a segment on
