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    Oil is a sideshow to equities as tech remains the fundamental driver, says Raymond James’ Larry Adam



    Oil is a sideshow to equities as tech remains the fundamental driver, says Raymond James’ Larry Adam

    Larry Adam, Raymond James CIO, joins ‘The Exchange’ to discuss what’s important to equity markets right now, if oil prices are driving equities and much more.

    4 Comments

    1. @2023gainer on

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    2. @Conman2541 on

      Tech isn’t the “driver” of the economy, it’s a speculative bubble floating waaaay above the real economy. Material production drives the economy. It’s so funny to call a primary commodity like oil (not to mention helium necessary for chip production) getting blockaded being a “sideshow.” The whole stock market is a sideshow to the real economy. And he’s still repeating the “transitory” myth lmao. Nah, all these bozos are just trying to keep markets calm long enough to get their exit liquidity on the coming mega-IPOs. Then the market will return to reality (that bubble is bursting). And even if there were peace tomorrow (there won’t be, it’s laughable to still delude yourself on that point) the downstream effects (sticky inflation, production interruptions, real supply shortages, a credit crunch) are locked in for at least the rest of 2027. AI has been a big lie, it isn’t boosting productivity in any measurable way, these guys just have to keep the con going so they can get out and leave the masses holding the bag.

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