Profit Margins and AI: A Skeptical Outlook

There is no greater contrarian on Wall Street today than Peter Berezin. But being out-of-consensus in one of the most competitive fields on the planet and being right is certainly not an easy feat to pull off. In this conversation, Peter discusses how his macroquant model, the product of years of work at places like the IMF and Goldman Sachs, has lead him to the most bearish of all strategist price targets on the S&P 500 Index and why he has the confidence in it to take such a maverick position today. He also reveals what he believes investors are missing about the AI trade and why they would be well served to step away from their screens from time-to-time, take a walk and do some good old-fashioned deep thinking. For notes and links related to this episode visit TheFelderReport.com/podcast.