Hedge Fund Strategy and Macro Analysis by Bob Elliott
Bob Elliott: AI investment surge relies on future cash promises
Bob Elliott, Co-founder and CIO at Unlimited, described the current AI investment boom as being fueled by expectations of receiving trillions of dollars in the future. Elliott noted that if these ...
Wage data at cycle lows suggest limited labor market momentum, Bob Elliott notes
Benchmark Employment Cost Index (ECI) wage data are at cycle lows, consistent with recent monthly Average Hourly Earnings data. Bob Elliott, co-founder and CIO at Unlimited, suggested this ...
Bob Elliott: Google’s $1 trillion in forward commitments reflects future cash driving the AI boom
Google has announced nearly $1 trillion in forward commitments, underscoring how future cash pledges are fueling today's artificial intelligence expansion. Bob Elliott, co-founder and CIO at ...
Relative individual equity performance is downrating potential AI benefits, Bob Elliott notes
Bob Elliott, who is co-founder and CIO at Unlimited, stated that relative individual equity performance is meaningfully downrating the benefits of artificial intelligence going ...
Bob Elliott: Revenue gap could undermine compute supply expansion
Bob Elliott, identified as co-founder and CIO at Unlimited, said there is too much focus on upcoming compute supply and not enough attention on the significant gap in revenue required to justify ...
AI trade faces challenges while bonds offer appeal, Bob Elliott says
Bob Elliott, co-founder and CIO of Unlimited, discussed the challenges currently facing the artificial intelligence (AI) trade and shared his view that bonds could be a good buy in this market ...
Bob Elliott: Chase data points to slower consumer spending as prices surge
Recent data from Chase indicates that consumer spending has slowed even as prices have risen. Bob Elliott, co-founder and CIO at Unlimited, commented that this is another signal suggesting ...
Markets expect higher oil prices through next year, Bob Elliott notes
Oil prices are now approaching levels last seen during the Iran war, and markets are increasingly expecting elevated prices to persist through next year. Bob Elliott, co-founder and CIO of ...
Bob Elliott: Weak Chinese markets and rising currency signal ongoing deleveraging
China's equity markets are showing weak performance, yields remain low, and the currency is rising, which together suggest accelerating domestic deleveraging, according to Bob Elliott, co-founder ...
Monetary and fiscal backing for AI trade may become harder, Bob Elliott notes
Bob Elliott, Bob Elliott, co-founder and CIO at Unlimited, stated that many investors focused on the AI trade may not realize the significant role played by monetary and fiscal policy in ...
Bob Elliott: Only a few weeks of recent market mania have been unwound
Bob Elliott, co-founder and CIO at Unlimited, observed that only a few weeks of the recent market mania have been unwound. Elliott added that there are still many people leveraged on the long ...
Bond yield increases remain within expectations, Bob Elliott notes
The recent rise in U.S. bond yields looks normal when compared to underlying statistics and anticipated tightening, according to Bob Elliott, co-founder and CIO at Unlimited. Elliott contrasted ...
Bob Elliott: In 2007, credit losses were evident to be in trillions
Bob Elliott, co-founder and CIO of Unlimited, reflected that in summer 2007, it was apparent from mathematical assessments that credit losses would amount to trillions. Elliott shared his ...
Funding now at $3 trillion with revenue up only $100 billion, Bob Elliott notes
Bob Elliott, co-founder and CIO at Unlimited, observes that the forward funding requirement posed by Sequoia has grown dramatically from $600 billion to $3 trillion over the past two years, while ...
Bob Elliott: Market bets on AI face risk as spending growth slows
Bob Elliott, co-founder and CIO at Unlimited, cautions that the market is largely driven by high expectations for artificial intelligence, hinging on hopes for parabolic growth. He points out ...
Transition from parabolic to linear industry revenue growth emerges, Bob Elliott argues
Bob Elliott, co-founder and CIO at Unlimited, highlights a shift in the artificial intelligence industry’s growth trajectory. He observes that recent news of lower revenue at OpenAI, alongside ...
Bob Elliott: AI demand is key support for U.S. stock market
Bob Elliott, co-founder / CIO at Unlimited, observes that U.S. stocks have remained resilient despite rising bond yields, widening corporate spreads, and elevated oil prices. He notes that ...
Staggered entry into new positions limits risk, Bob Elliott argues
Bob Elliott, co-founder / CIO at Unlimited, advises investors to avoid making large, all-at-once investments when shifting into new positions. He recommends building positions gradually over ...
Bob Elliott: French bond spreads widen but capital flight remains limited
Bob Elliott, co-founder / CIO at Unlimited, observes that while French bond spreads have widened recently, underlying conditions in the eurozone do not reflect the type of capital flight seen ...
Crude market uses high surcharges to address supply problems, Bob Elliott notes
Bob Elliott, co-founder / CIO at Unlimited, highlights that the crude market has addressed many supply challenges through the application of high surcharges. Elliott discusses the market's ...
Bob Elliott: Employment improves but remains weak compared to past earnings boom
Bob Elliott, co-founder and CIO at Unlimited, points to recent improvement in employment measures but indicates that overall conditions remain weak compared to the previous earnings boom. Elliott ...
