I think the number I’ve seen is something like 40-50% of people will be self-employed in the next 10-15 years. I believe the premise was that people will use leverage (personal skillsets, AI, etc) and cut-out their middleman (their employer). but then the counter-argument is the one you bring up. edit: I should add, there was no mention of how well people would be living - just that they’d be self-employed.
These things are all GOOD for the corporations bringing their operating costs down and such. Makes perfect sense to me.
Dumb money worldwide is still buying index funds on a monthly basis. The Norwegian pension fund is still buying stocks. TheApprentice is buying. Let's face it. Stock market indices are rigged to the upside.
I was late to the short, so I'll be looking to buy between 23500 and 23600 NQ (most gains are being driven by AI investment, not consumer spending, so I've switched temporarily to mostly NQ) Edit: AMZN and AAPL reporting today, we'll see if META and MSFT last night were just an exceptional surprise.
Long 642, stopped out BE Edit: Entered blind on the bounce from better than expected Chicago, but it seems it wants to go lower