Why This Economy Refuses To Break | David Cervantes

While investors wait for a recession that never comes, AI spending and fiscal stimulus keep pouring fuel on the expansion. David Cervantes of Pinebrook Capital joins to explain how AI spending is reshaping the economy, profits, and traditional market dynamics. We also discuss productivity gains, consumer resilience, inflation risks, Fed policy, bond market reactions, energy markets, and David’s favorite international trade. Enjoy! TIMESTAMPS: 00:00 Intro 01:59 AI Buildout Is Driving Macro 06:01 Profit Margins And Productivity 09:58 Supply Chains Shift To Resilience 13:13 Consumer Resilience Mystery 19:19 What Funds The Consumer? 22:44 Why The Recession Never Comes 25:55 The Fed Rethinking Hikes 32:19 Warsh Inheriting Inflation Fight 38:07 Bonds, Equities And Rates 41:17 Can Stocks Ignore Rates? 44:21 The Korea Trade FOLLOW DAVID › X/Twitter – https://x.com/EconstratPB FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.