Latest / Systemic Error Podcast
Don’t be fooled — Trump’s stock market is a 'lousy' dud: analyst
What happened
AlterNet reports that the S&P 500 reached a record high, but Bloomberg analyst Jonathan Levin argued that the gain was concentrated in a handful of artificial-intelligence companies, including Meta, Microsoft and Nvidia. His answer to the headline’s implied question is blunt: the market looks strong at the index level while remaining “lousy for most” companies and households.
Levin pointed to five months of declining inflation-adjusted average hourly earnings, weaker consumer spending and falling stocks across consumer, travel, transportation, real-estate and financial sectors…
The skinny
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