Asking about market outlook for final weeks of year and next year
Speaker1
Mark Lehman
Optimistic about AI trade driving market higher in 2026, trend is higher with investment spending
Confirming cyclical upturn from spending and tax bill impact
Speaker1
Mark Lehman
Expects rate cut, economy showing pockets of weakness but overall strong, AI is deflationary trade like internet 25 years ago
Asking to explain deflationary trend of AI
Speaker1
Mark Lehman
AI is deflationary trade that will lead to lower cost of goods sold through labor efficiency
Asking about unemployment direction given current 8.5% for young college grads
Speaker3
Mark Lehman
Jobs will shift but not pessimistic about mass unemployment, AI will make economy more efficient and productive
Noting Goldman chart showing US labor productivity 2x other advanced economies
Speaker3
Mark Lehman
Productivity gains will continue, leading to better stock market gains, important to bet on market and economy rather than individual stocks
Asking about timeframe for AI spending to pay off and market expectations
Speaker1
Mark Lehman
Will see some companies going public in early 2026, questions about bubbles suggest we're not in bubble yet