Chris Kaminski and Hao Dang discuss the state of the economy through Chipotle earnings. AI efficiency that is showing in small cap stocks. The economic disparities that have emerged five years post-COVID, highlighting how higher-income individuals have thrived while lower-income groups struggle (K shaped recovery). We discusses the wealth effect, where rising stock prices lead to increased consumer spending among the affluent, contrasting this with the challenges faced by those with lower incomes.
We discuss:
➡️The state of the economy through Chipotle earnings.
➡️AI efficiency that is showing in small cap stocks
➡️The recovery post-COVID has favored higher-income individuals.
➡️Higher-income people have continued to thrive and gain net worth.
➡️90% of the stock market is owned by a small percentage of the population.
➡️The K shaped recovery has not been uniform across different income levels.
➡️The K shaped recovery is becoming more pronounced post-pandemic.
➡️Consumer spending is driven by stock market performance for the wealthy.
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