🟢 [E5296] Is there a possibility that we have an unemployment rate going higher?

🟢 [E5287] In here when we had COVID in here when the rate hikes were happening and then obviously uh in here with SVB and then last year with liberation day this is CDX for IG right now we were sitting

🟢 [E5286] Um and if it's uh if we're in this stage basically during these time periods like in here when energy fell in here when the S&P fell 20%.

🟢 [E5308] I can use AI agents today, they cannot.

🟢 [E5300] The webinar covered everything starts with AI.

🟢 [E5305] AI is not going away which is why I called it a supersonic tsunami.

🟢 [E5306] Enterprises are not going to adopt AI.

🟢 [E5307] They want to adopt, but there's a lot more issues that go in with big enterprises using AI than someone like me sitting at home or any entrepreneur sitting at home.

🟢 [E5292] from an idea basis, the freshest idea, I finally did release the chemical side uh with about 15 to 20 names, which again you

🟢 [E5290] By the way, the main uh outreach I think uh and where this is going to be the most hopeful as I go through stuff today is going to be with financial advisors and RAAS.

🟢 [E5299] Uh, the main point is we don't have enough compute to replace, but that's not the only issue.

🟢 [E5291] Uh, also the amount of ETFs that were created that have a lot of AI quote unquote software in them, which I think I just continue to see the people pound the table that this is a mistake in software.

🟢 [E5298] Now, whether or not that's the number that it would need, actually he may have said 10,000, but I'm not going to pull this down.

🟢 [E5295] No, it's not going to happen from AI alone.

🟢 [E5301] So what has changed in AI since November and this is why I have strong disagreements with the people who are out there promoting like this is not correct what's happening in software.

🟢 [E5288] uh if we get a CDX move which I believe the probability is increasing every day uh you're going to see a move that gets 15 to 20% which I talked about at the beginning of the year and right now the dominoes are shaping up that that's getting closer and closer or at least the probability is increasin

🟢 [E5294] Is it going to happen from AI alone?

🟢 [E5302] They're also not acknowledging all of the changes that have happened in AI since the end of November.

🟢 [E5304] And if you don't change your viewpoint or at least say the market is discounting the possibility of something in the future, you're just not doing right by retail investors in particular, but you're not doing right by anyone to sit there and just continue to say the same story like nothing has chang

🟢 [E5293] happening in private credit because of what because of what was happening in private equity which is also going to be impacted by private credit.

🟢 [E5284] Uh but for those of you on the subscriber side who who saw the webinar um this week, so for those of you who are not subscribers, I did a webinar this week where I really spent a lot of time just going through what I expect uh has occurred, what is going on in particular with credit financials,

🟢 [E5285] The headline index hasn't moved much, which I'll go through, but under the hood, whether it's the dispersion that's happened, the credit markets, which continue to weaken out, financial stocks, which are the worst performing sector, a whole bunch of things.

🟢 [E5289] By the way, the main uh outreach I think uh and where this is going to be the most hopeful as I go through stuff today is going to be with financial advisors and RAAS.

🟢 [E5297] And this is the thing I want to make sure you guys realize because this gets into the risk with the hyperscalers that I've been debating people on all week.

🟢 [E5303] The other issue with uh the hyperscalers is the adoption.