Market Brief: Is AI just dot-com bubble deja-vu?
Who remembers the dot-com bubble? Just over quarter-of-a-century ago, markets were booming, because of great expectations of a new technology – the internet. The expectations were justified, as we now know. But the market? The US technology sector collectively lost more than 85% of its market value between March 2000 and October 2002. Turns out the market was too far ahead of the game… sound familiar?
Global markets are showing all the signs of... a four-way see-saw. The mega-cap trade has fractured internally, and the stakes have become increasingly quad-polar, says Angus Sippe, Human Financial's CIO.
AI capex is one of the largest bets in corporate history. The technology works — that's not in question. What's still open is who actually captures the value.
How do investors cope with a trifecta of market convulsions: El Nino, the impending IPOs of three AI giants, and looming changes to CGT? Take a listen to Angus Sippe's rational approach to portfolio management in a time of uncertainty.
"She'll be right" is an Australian expression that embodies a distinct cultural characteristic: a relaxed fatalism, born from generations of making do in a landscape that doesn't always cooperate. Global markets seem to have adopted the same philosophy: despite everything thrown at them, investors are shrugging it off. But while "she'll be right" is a helpful personal disposition, it's not a sensible risk management framework, says Human Financial CIO Angus Sippe.
Human Financial CIO Angus Sippe observes a bevy of black swans now circling global markets: a US war, stagflation, and a squeeze on private markets.
Geopolitical uncertainty is certain: we just don’t know when. Angus Sippe, Human Financial CIO considers portfolio repercussions.
