Source: The Patriot Light | AWK Network | VIEW ORIGINAL POST ==>

Authored by Peter Tchir via AcademySecurities.com,
We plan to cover much of this in the weekend report, but given the magnitude of the moves this week, we want to review where we stand ahead of Friday’s trading.
We did get to cover some of this on Wednesday on Bloomberg TV (starts at the 52 minute mark)…
…but here is a quick summary.
Tariffs
A lot of confusing messaging this week, some of which has to be corrected.
The negative news is that tariffs seem likely to be imposed, and even if they get relieved later on, some damage to the economy will be done. Mexico did deliver some cartel leaders to the U.S., so maybe they get another reprieve, which would be good for markets, but as a whole, my view is that no matter how tariffs play out, they are impacting the global economy negatively. Decisions are being made to front run them (which artificially propped up some data) but will leave companies somewhat frozen in terms of hiring decisions.
AI
The risks and rewards in the AI space are shifting. Speaking with Academy’s General (ret.) Groen (former head of the Joint Artificial Intelligence Committee) he pointed out two trends, which are very good for companies and the economy,…
Read the full article here