Market will throw a fit if cuts not deep enough, guidance not suggesting 100bps cuts every month til we get negative.
Asset prices of course will just go higher as dollar becomes less valuable than paper towel.
The physical AI wave is coming, 40-60% of all jobs will be eliminated probably within the next 10-15 years. I used to be against this, but as a human species it is necessary to adapt. We will effectively be pushing towards a new level of intelligence by eliminating all bottom tier jobs. This will hurt the economy no doubt, but as we stabilize and become the “new normal” with tech being a base level of intelligence that will be standard for people, which will ultimately push us forward as a species. This is a natural phenomenon and if you look at history, it ultimately repeats itself. Yes some skilled hand on jobs are still needed for maintenance or building, but that just means we would still have to adapt to learn how to repair the new technology that is coming with it. College will now be a requirement for all jobs regardless of what you do, or it could be the new standard of education in high school. Life will now be a funnel with a strainer attached to it. You’ll either be made to fit by adapting or you’ll stick to the top and get tossed with the rest of the sludge.
DCA out; close the app and enjoy life for a while. when you can handle it emotionally; calculate your taxes and set that aside in a money market fund. take a set amount out to reward youself. then cut that in half and invest in voo. the rest you can invest as you see fit
I asked ChatGPT to rephrase this quote to fit 9/11:
"We're gonna take you back, to the year 1939 when Charlie Chaplin and his nazi regime enslaved Europe and tried to take over the world... But then an even greater force emerged, the U.N. and the U.N. un-nazied the world—forever"