Bob Elliott: AI earnings boom driven by household dissaving rather than productivity gains

Bob Elliott: AI earnings boom driven by household dissaving rather than productivity gains
AI boom tied to household dissaving

Bob Elliott, co-founder and CIO at Unlimited, suggests the surge in artificial intelligence earnings is primarily fueled by household dissaving instead of productivity improvement.

He cautions that this underlying support could make the long case for ongoing AI-driven gains more fragile than often assumed.

Elliott has recently flagged other sources of market shifts. He noted that April's rise in new orders for Boeing could lead to delayed production increases due to expanding backlogs. In addition, he has cited reduced central bank gold buying as a contributing factor to market softness and reduced tightness.

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