Safe Space: AI and Debt Ceiling Free
The Blind Squirrel's Monday Morning Notes, May 22nd 2023.
Summary
I have no doubt that AI is a great technological leap forward, with massive societal impact. Dogs chase squirrels. This squirrel is not going to start chasing NVDA at 180x earnings and 29x revenues!
Our current risk-off stance claimed its first FOMO scalp this week. We have missed that jumbo breakout in Japanese equities. We still think there …