5min chapter

Bloomberg Businessweek cover image

ChatGPT Can't Beat the Stock Market

Bloomberg Businessweek

CHAPTER

Are the Markets Getting Ahead of the Fed?

Aaron Cannon is the co-founder and CEO of Clear Harbor Asset Management. They've got over a billion dollars in assets under management. He joins us after this afternoon via Zoom from Stanford,. Aaron, happy new year. Uh, how are you doing? Just fine. Thanks for having me back, Tim and girl. Well, year to date, the S and B 500 is up 5.5% the NASDAQ and pause it up close to 10 percent already. Are markets getting ahead of themselves? I don't think the market's prepared for a significant earnings recession.

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