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from what I see, over the past 3 months the S&P500 is being dragged up by AI and semiconductor stocks due to speculative demand for these products while the rest of the market stagnates and crashes due to lack of demand and consumer spending because people can no longer afford things
but we are expected to believe that the people who have no money for iPhones and groceries will spend money on... AI subscriptions and GPUs?
I don't know, it isn't adding up imo