Complex market

1. Google’s core search business is growing, and it hasn’t been replaced by AI
Basically, it implies that AI still can’t be profitable, let alone pose a challenge to Google
2. The capital expenditure arms race has entered the trillion-dollar level
Humans chose this technology tree: data centers...
3. Oil breaks above $88, up 31% in a single month
Iran looks like it still won’t end
Lockheed Martin’s earnings report looks great
In the midterm elections, there’s a chance Trump loses both chambers
Historically, when he loses, the market basically declines
4. The probability of the Fed raising rates has been revised up to 70%+
On one hand, wars keep going on; on the other hand, an AI arms race
On one hand, rates might be hiked; on the other hand, AI can’t prove profitability
I’m Chovey—I can’t make sense of this damn market