Is AI job apocalypse a compete fantasy:
Narrative violations abound:
Software jobs:
Wage growth:
PM jobs:
Earnings: This is one of the best earnings seasons in 20 years...All 11 top-level sectors are expected to show YoY earnings growth for the first time in 4 years.
Risk on: The market cap weight of defensive sectors in the S&P 500 has fallen to a fresh low.
Worried American consumers: A record 55% of Americans see their financial situation getting worse…fifth consecutive year more Americans say their finances are worsening as opposed to improving.
Tech CapEx: Tech capex now accounts for half of all S&P 500 capex.
