Cathie Wood vs Bill Ackman on inflation 👀
Ackman: screaming inflation alarm
Cathie: not worried at all
Her take:
• 10Y Treasury yield = historical median (nothing crazy)
• AI inference costs dropping 99.99% YoY (deflationary tech bomb)
Two macro titans, completely opposite calls. One of them is about to look very wrong.
If Cathie's right and AI keeps nuking costs, risk-on stays lit. If Ackman's right, we're heading into a liquidity crunch.
Watch the 10Y. Watch $NVDA. Watch credit spreads. One of these narratives will break first.
Ackman: screaming inflation alarm
Cathie: not worried at all
Her take:
• 10Y Treasury yield = historical median (nothing crazy)
• AI inference costs dropping 99.99% YoY (deflationary tech bomb)
Two macro titans, completely opposite calls. One of them is about to look very wrong.
If Cathie's right and AI keeps nuking costs, risk-on stays lit. If Ackman's right, we're heading into a liquidity crunch.
Watch the 10Y. Watch $NVDA. Watch credit spreads. One of these narratives will break first.
