Odd Lots · Thursday, October 1, 2026
Luke Kawa describes the current market environment as defined by 'speed,' attributing it to the AI impulse compressing economic time. This compression is evident in the rapid and violent monthly shifts observed in sectors like semis and software, and a general acceleration of market movements.
“And speed is something that I think has completely defined 2026.”
“If you look at the monthly change between semis and software, Those have had some of its most four violent moves in either direction this year alone.”
“To make this an AI thing, we were being told AI compresses economic time.”