Jim Paulsen points to a frothy AI-driven market, weakening job creation, and declining real income as signs of an impending slowdown that will feel 'ugly' for investors.
The tape Excess Returns · Jul 11
“So I, I, you know, kind of weaken into June or so. So I've kind of gone on record of saying I think there's going to be a correction here in the next several months. I think we might end the year about where we have, you know, ended at its highs or maybe we won't make that up until early next year. But I, I, my guess is, is we're going to have a correction, you know, somewhere between 10 and 20% that'll feel ugly, um, scare people.”
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Thoughtful Money with Adam Taggart · "Crash Pricing" Setting In As Distressed Home Sellers Capitulate | Nick Gerli, ReventureJul 8
Analyst Nick Gerli sees distressed sellers capitulating in key markets like Florida and Texas, with homebuyer debt-to-income ratios hitting unprecedented highs.
Odd Lots · Why AI Might Actually Create More Work for LawyersJul 13
AI is slashing costs on legal work, but Gary Wingins reveals the big shift is clients and even insurers now see it as essential, not a risk. 'You've got to be using AI to try to cut down the cost.'