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James E. Thorne discusses how exponential advances in digital technology are transforming traditional financial metrics.
He references Ray Kurzweil's Law of Accelerating Returns, explaining that each generation of digital tools enables even faster progress. Thorne suggests that in this environment, the earnings growth of S&P 500 companies is no longer limited by linear thinking.
Earlier this year, Thorne discussed the AI super cycle and set an S&P 500 target of 14000, citing optimism for market growth. He has also argued that the Federal Reserve should not raise rates in response to an oil shock. His commentary often addresses the intersection of technology and major economic indicators.