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It’s always the same. The core players are fine. But it’s the fringes that matter. And AI is full of weirdos playing with debt. TME with the charts.
Moment of Truth
Technology is approaching another important inflection point. Semiconductor technicals continue to deteriorate, credit markets remain under pressure and AI leadership is beginning to crack. Yet several technical and sentiment indicators suggest the downside may be becoming increasingly stretched.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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