Investors are waiting for certainty about the future, but is there enough evidence to support what’s to come? In his September Market Insights, Dr. James Thorne, Chief Market Strategist at Wellington-Altus Private Wealth, looks at the direction of inflation and whether central banks will continue raising rates.
March Market Insights: There is no Bronze Medal
Markets are not pricing that reality. Investors still treat the AI build-out as marginal cloud spend or another overhyped software cycle. They debate whether Big Tech is “exhausting its available capital” or whether capex “must mean revert,” as if infrastructure were optional and competition courteous. They are using valuation models from the wrong century for the wrong game.
