I'm not as optimistic that jawboning the Fed is going to get rates reduced anytime soon. I mean this is an unusual situation obviously, but I don't think you can count on rate cuts while Powell's there. This tariff situation is getting really interesting. Tariffs themselves on commodities or goods that you don't create yourself is inflationary. There's no way around it. Get rid of those tariffs so they can bring down those increased costs on that affordability issue. The reason the S&P maintains new highs, in my opinion, is the productivity factor brought in by AI tools that have just started to be used in the last 24 months is really effective. We're starting to see how good this can be ac
I'm not as optimistic that jawboning the Fed is going to get rates reduced anytime soon. I mean this is an unusual situation obviously, but I don't think you can count on rate cuts while Powell's there. This tariff situation is getting really interesting. Tariffs themselves on commodities or goods that you don't create yourself is inflationary. There's no way around it. Get rid of those tariffs so they can bring down those increased costs on that affordability issue. The reason the S&P maintains new highs, in my opinion, is the productivity factor brought in by AI tools that have just started to be used in the last 24 months is really effective. We're starting to see how good this can be across all 11 sectors. Here's our problem and why I have a little caution to these statements. We have no power. The Chinese have built 500 gigawatts in the last 24 months. We have built zero. We have no power on the grid. This is a big problem. ♬ original sound - Mr. Wonderful
