Carrington Clark
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Appearances Over Time
Podcast Appearances
Now, he has said, or there seems to be moves afoot for peace talks today.
to be reignited, a one-page memorandum of understanding perhaps in the works that Iran is now looking at.
Is there any reason to believe this will be different than the other times during this war where it looks like a peace agreement is about to be struck?
Are you feeling as optimistic as the market seems to be?
Get your head around, right?
There seems to be an inherent inconsistency that we still have a war.
Maybe it's in ceasefire.
Donald Trump sometimes declares that the war is over.
Sometimes he says it's about to be over.
But there is a major interruption to the supply of energy around the globe.
and yet we're seeing the S&P 500, the major benchmark in the United States, hitting record highs.
The Nasdaq composite is on an absolute tear.
I think that part of the reason for this disconnect is that investors have become accustomed to the taco trade, as we were speaking about a lot more at the start of this conflict, but it is something that keeps recurring, that people believe at the end of the day Donald Trump will do something
what is best for the markets because he sees that as a barometer of his own political fortunes.
He wants the stock market to be going up and therefore he wants to find an off-ramp.
And the other obviously big theme this year besides the conflict is artificial intelligence and the huge profits that some of these tech companies are already experiencing plus the huge amount of investment that's still to come in that space.
And so I think investors are looking at these numbers and by some metrics,
The market is cheaper than it was late last year because of the huge earnings forecast that these companies are giving to the market and saying they're expecting to be minting huge amounts of money.
And that's why we're also seeing a bit of a disconnect between what's happening on the Australian stock market versus what's happening in the US.
And the US really, it's almost in a world of its own.