The tweet was deleted by the author.
But we saved everything 🙂.
Bob Elliott, co-founder / CIO at Unlimited, questions whether market participants are missing broader economic signals by focusing on market rotation. Elliott suggests that current market pricing assumes extraordinary economy-wide outcomes as if they are certain, regardless of sector allocation.
Elliott previously highlighted that reduced central bank gold buying has contributed to recent softness and lower tightness in the gold market, according to a recent note. He has also cautioned that $5 trillion in planned AI investment may result in disappointing returns or unmet capital expenditure targets, as detailed in another report. His recent comments continue a pattern of skepticism toward prevailing market assumptions.