#andreas-steno News & Analysis

Andreas Steno: Mischaracterization of the capex cycle, AI investments lack fundamental backing, and technology stocks may be poised for reacceleration | Raoul Pal

Andreas Steno suggests that AI investments lack fundamental backing and are driven by fear rather than solid fundamentals. However, domestic manufacturing trends signal potential market recovery, with technology stocks potentially positioned for reacceleration despite current capex cycle mischaracterizations.