Downtown Josh Brown

People are having trouble with cell phone bills.

They had trouble with utility bills over the last six months.

Auto delinquencies starting to come off the bottom.

Existing home sales.

You literally can't buy or sell anything.

Nobody else is.

There's a lot of negatives in the economy.

None of that shit matters to the S&P 500.

We have, I read Adam Parker today.

basically says there's 263 companies in the S&P that are involved in building the AI infrastructure.

It's like more than half the market, whether it's Caterpillar or a digital REIT or a utility or companies selling equipment to a utility, doesn't matter.

Almost everything happening that's positive is directly related to AI CapEx build out or selling AI something to people.

I don't see that changing.

I could be an idiot.

I could be wrong.

And I'm not even saying it's a negative for investors, but like anything that's away from the AI theme, stocks aren't working.

The, the companies aren't hiring people.

Like it just, it really seems to be getting into a place where the entire Adam says the entire S and P has become an AI momentum ETF.

Is that too extreme for your taste, or what are your thoughts on that concept?

It's driving the wealth.