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Young Retail Investors Spotted In New Tech Frenzy
Retail investors may be back at it in US tech shares.
You don't so much need any analyst to tell you that. You could just have a look at the performance of America's mega-cap tech champions in 2023, and particularly how the shares have traded recently around the burgeoning A.I. mania.
But, for what it's worth, JPMorgan's Nikolaos Panigirtzoglou pointed to a hodgepodge of evidence and indicators which together suggest "the retail impulse into tech stocks has reemerged."
The figure below shows
It’s hard to imagine a future where unemployment grows and GDP also grows. Who’s going to be supporting that economy without income? UBI is a pipe dream that Republicans will never support, owing to the laziness of non-bootstrappers who “need to get off their couch and go get a job”. The more realistic reality is an optimized workforce absent human participation that produces goods and services no one can afford to buy because the ultra-rich finally broke capitalism.
Also I hate to point this out, but you are basically assuming the future Andrew Yang predicted in “The war on normal people”.
Check Peggy Noonan’s col in Saturdays WSJ. She posits that if the GOP nominates Trump it will destroy the party. Interesting piece.
Republicans have been faithfully supporting UBI for banks, pharmaceuticals, agribusiness and the defense industry for some time now. Maybe this needs to be quantified and publicized more aggressively.