Money Maze Podcast 173: The End of US Equity Dominance? With Chris Wood, Global Strategist and Author of 'Greed and Fear'
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May 15, 2025 Chris Wood, a renowned global strategist and author of 'Greed and Fear', makes a bold prediction about the US stock market reaching a peak akin to Japan's in 1989. He shares insights on the implications of current economic uncertainties, AI's impact on market dynamics, and the evolving status of the dollar. The discussion also dives into investment strategies for gold and Bitcoin amidst geopolitical tensions, highlighting opportunities in emerging markets. Wood's analysis offers a fascinating view on navigating today's complex financial landscape.
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US Equity Market Peak?
- The US stock market's dominance at around 67% of world market cap is exceptionally high given its economic growth contribution.
- Chris Wood argues this may mark an all-time peak, echoing Japan's 1989 market peak notion.
DeepSeek Challenges US AI Lead
- The 'DeepSeek moment' revealed that Chinese AI advancements rival US efforts, challenging US tech dominance.
- This raises questions about the monetizability of massive tech AI investment in the US.
Tariffs Risk US Recession & Bear Market
- Trump's tariff policies are bearish for all markets and risk a recession by disrupting trade and supply chains.
- A recession would logically lead to a bear market for US equities.