Robert Armstrong

speaker
1,703 appearances 12 recordings 3 series first heard Oct 2025 last heard 17 Sep

Robert Armstrong’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
3 · Jan OctJan 26AprJulnow

Recordings per month over the last 12 months — 12 in all, peaking in Jan 2026 with 3.

Appearances

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I think this is a case where a very, very strong market that had been rising powerfully now for quite a while.
And when markets get that much momentum, you get these events where it's like the market needs to take a breather.
I would think of it like this.
Everybody is paying very high prices for stocks right now.
They're chasing the price of the stock market up.
And along comes Elon and says, you know what?
I'm going to add even more supply of stocks.
right?
He's going to give investors more things to spend money on.
And so there is a worry that the demand that is absorbed by the SpaceX IPO goes missing from other stocks that have been rising recently.
So the shadow of that IPO makes the stuff I talked about earlier, the anxiety about AI, uncertainty about its economic prospects,
Even worse.
Well, it has spread to other markets.
In Korea, especially, and also Taiwan, those have now become very lopsided markets themselves, to an extent Japan too.
So, you know, the chip trade, the AI hardware trade, is a global trade now, and it's driving things up all over the place.
So it is spreading, and if there is an AI correction,
It is going to be a global market event, not an American market event.
Peppermint?
No, pop.
I think, you know, that's in the range of possibilities when markets go on very strong sustained runs.
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