Core Viewpoint - The U.S. economy is heavily reliant on AI, with significant risks stemming from this concentration, as it masks deeper structural vulnerabilities [2][4][5]. Economic Dependency on AI - Approximately 40% of U.S. economic growth in 2023 is attributed to capital expenditure on AI infrastructure [2]. - Nearly 80% of recent gains in the U.S. stock market are driven by AI-related investments, indicating a "maniacal focus" on this sector [3]. Structural Vulnerabilities - The enthusiasm for AI is obscuring critical issues such as a fiscal deficit exceeding 6% of GDP and national debt surpassing 100% of GDP [4]. - Global investors are currently overlooking these deficits, betting on an AI-driven productivity boom to mitigate the debt concerns [4]. Market Bubble Concerns - The current market environment is characterized as a bubble, with the potential for inflation to trigger a tightening of monetary policy by the Federal Reserve, which could end the prevailing euphoria [5][6]. Investment Strategy Recommendations - To mitigate concentration risk, diversification into undervalued assets in international markets such as China, India, and recovering European markets is advised [7]. - The performance gap between U.S. and international markets is narrowing, suggesting opportunities for investors to explore [7]. ETF Performance - Notable U.S.-listed AI-linked exchange-traded funds (ETFs) have shown positive year-to-date and one-year performance, indicating investor interest in this sector [9][10].

You know, there's a whole lot of sayings and catchphrases and axioms on Wall Street. In fact, I think maybe the most one of the more intriguing ones is that bull markets like to climb a wall of worry. There's always something to worry about.[laughter] It's nuts, right. I mean, right now it's the AI bubble, but look at this. This is from the recent Bank of America, you know, survey.Uh, you know, so you got AI worries at the top. The bubble is huge. Uh, followed by bond yields and inflation way down there.By ...

Although a weaker dollar would be a blessing for the rest of the world, it would strengthen the idea that American exceptionalism is not what it was https://t.co/D8ItdrWpdJ ...

The world is watching, watching all of us today. So here's my message to those beyond our borders. America has been tested and we've come out stronger for it.We will repair our alliances and engage with the world once again, not to meet yesterday's challenges, but today's and tomorrow's challenges and will lead not merely by the example of our power, but by the power of our example. Those then President Joe Biden in his 2021 inaugural address, emphasizing America's resilience on the global stage. A new book ...

Core Insights - Thryve Wealth Management has launched with $270 million in managed assets after spinning out from Strive Asset Management, co-founded by Vivek Ramaswamy [1][2] - The firm aims to differentiate itself through a focus on future investments, particularly in artificial intelligence, quantum computing, and digital currencies [2] - Thryve's client portfolios emphasize "American exceptionalism" and include advanced strategies for digital currencies [4] Company Overview - Thryve is led by CEO Gary K. Dorfman, who emphasizes an entrepreneurial spirit and minimal bureaucracy [5] - The firm was previously part of Strive Asset Management's RIA business and is now fully independent [2] - Ramaswamy, while no longer running Strive, retains an advisory role and is the majority shareholder [6] Investment Strategy - Thryve's approach contrasts with traditional portfolio models, focusing on long-term value creation rather than just assets under management [5] - The firm aims to attract investors interested in innovative financial strategies, particularly in the context of emerging technologies [2][4]

Market Trends & Investment Strategies - Morgan Stanley highlights two key client concerns: American exceptionalism and tax implications from market appreciation, particularly in the "Magnificent Seven" stocks [2][3] - Investors are considering diversifying away from the US at the margin, exploring markets like Japan, China, India, and Europe [6] - Dollar depreciation makes it tougher for international investors to stay invested in the US [6] - The percentage of market capitalization in the US is at an unprecedented level [7] - The index is very concentrated in a few names, driving interest in private markets [9] US vs Global Markets - 70% of the acqu now is allocated to the US [2] - Nvidia's market cap is bigger than every market except Japan [7] - The market value of all stocks in Germany is less than Nvidia's [8] - Investors should be looking for opportunities outside the US [8] Currency Impact - The dollar's slide against many world currencies is an underreported story [4] - Dollar depreciation is a significant factor for foreign investors when considering investments in the US [6] - If the dollar appreciated, that's actually alpha to foreign investors [6]

about uh maybe 10 or 12 years ago, a person I knew very well, had been very helpful to me in my campaigns when I was in the Senate, came to me instead. She had met this very impressive young man, and he was going to start this group to go on college campuses and try to convince young Americans that ours is the greatest country in the history of the world and that Marxism was bad. And I remember thinking back then, I was I'm going to admit to you guys, I was a little skeptical. I said, "College campuses, you ...

From @WSJopinion: The path to a second American century will flow through a rediscovered confidence in American exceptionalism, writes @RahmEmanuel https://t.co/rWENVR4BMB ...

Federal Reserve Independence - The independence of the Federal Reserve has been a key element of American exceptionalism for over a century [2] - A US president has moved to force out a Fed governor for the first time in 112 years [1] - Lisa Cook states she will not resign and will continue her duties [3] Potential Motivations - The attempt to remove Cook raises questions about the president's real motivation, possibly to replace Biden appointees with loyalists [3][4] - The president's frustration with the Fed chair is a possible motivation [4] Market Impact - The US dollar weakened against other major currencies following the president's announcement [5]

RT Bloomberg Opinion (@opinion)Don't be fooled by the rebound in stocks: American exceptionalism is not back. @JonathanJLevin explains why it's actually more like American mediocrity 🎥 https://t.co/oT6tHIND0J ...