/biz/ - Business & Finance

>>58196226
one of the prior times it was the fucking internet (and personal computing in general)
just because the technology will massively change the world doesn't mean perma bull market
technological shifts are usually met with short-term turmoil that results in job losses. ai/robotics definitely fits that

>>58196295
unemployment has crossed the 2yr moving average - historically this is pretty much always followed by a fast rise in unemployment and recession
the promise of the technology hyping the market is effectively a decimation of common jobs
sure in the long run it will lead to a more efficient world, but short term is a system disruptor

I just don't see the "rate cuts = bull run" case, especially given we've already had a 30% run in like 5 months
it just completely ignores all historical trends

I'm not some permabear either, I bought indexes in last winter because valuations were back to reasonable levels then
but buying more large cap right now? I don't see it, unless you're talking long (10+yr) timeframe

unemployment rate has crossed the 2yr moving average and is rising
3.7% Jan -> 3.9% Feb

recession inbound