Lots of opinions spreading like wild ๐ฅ on the banking crisis sparked at $SIVB.
Here was my explanation on the situation prior to it flaring up and what I believe still is the case.
The software problem for the market is that while ai names will be winners as software's expense, most ai names are private. That leaves the Nasdaq with a little bit of a headwind $QQQ.
Prices rise during the process of re-onshoring upstream parts of the supply chain.
Built in USA comes with a period of higher inflation.
Expanding global middle class comes with upward price pressures globally.
Weaponizing global supply chains comes with higher prices.
Here is some of the clearest evidence of what has been a steady driving theme of mine for the last 5+ yrs ~ reonshoring and more regionalization of manufacturing that all falls under global supply chain restructuring.
A new form of PPP - We look at Mountain Pass $MP
The Largest Emerging Market? I'd say this has now become the default language among macro strategists.
I am ready for an explainer on something new and complex from people who show no ability to handicap the future with any reliability (ignoring their ability to be a good contra). anyone know a good platform for this?