🟢 [E1659] Journeyman thesis: barbell of AI (bits) and capex receivers (atoms) will do well. Liquidity will pick up, inflation subdued = goldilocks. Run it hot into midterms remains the playbook.

💬 [E1644] Journeyman view: We're in capex overspend fear right now but long-term it's overblown. A barbell of AI (bits) and capex receivers (atoms) will do well. We're very early in the AI adoption cycle.