Talk Your Book: Consternation About Concentration

Today’s Talk Your Book is brought to you by State Street:

On today’s show, we discuss:

• The rapid growth of the ETF industry and where the new money is coming from
• The rotation away from Mag-7 toward small caps, industrials, and international and what structural forces are driving it
• Why the AI capex cycle is starting to look a lot like the TMT bubble and how investors are pricing in winners and losers
• Why strong earnings growth has kept the market resilient in the face of geopolitical risk and inflation concerns
• What drove the doubling of US corporate profitability this century and whether those tailwinds can last

Listen here:

https://podcasts.thecompoundnews.com/show/animalspirits/

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