Boneparth: The market loves certainty and we just got a big dose of it

Market Sentiment & Economic Outlook - The market values certainty, and the end of the government shutdown, coupled with the holiday season, creates positive momentum [2] - Despite the unknown economic impacts of the government shutdown, markets are near record highs [1] - Alternative data sources, such as Door Dash data, are being used to understand market trends [4] - Expect volatility to remain a constant factor in the market, similar to the 20% bare market correction earlier in the year [5] AI & Technology Sector - The AI trade has been a significant driver for the markets [7] - There's an insatiable appetite and unlimited spending to build the infrastructure for AI [9] - Discrepancies between investor expectations and the realities of AI infrastructure spending can lead to volatility [9] - Long-term growth is expected in the AI sector, despite potential volatility [10] Client Expectations - Setting realistic expectations for clients is crucial, acknowledging the potential for both great and flat years [4][7] - Controlling expectations regarding volatility is important when managing client funds [6]