Stephanie Aliaga discusses the AI investment cycle, noting a shift from training to inference driving a potential $1 trillion in CapEx. She acknowledges ROI uncertainty but argues early productivity gains (e.g., coding) and infrastructure demand justify spending. She sees global broadening in EM Asia and Latin America but is cautious on Europe and politically unstable regions.
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JPMorgan
9.0
Investment Bank $3170.00B
Stephanie Aliaga 9.0
Investment Bank $3170.00B
Stephanie Aliaga 9.0
5/29/2026 11:34:56 PM
dxy
The interviewee notes global broadening of AI (EM Asia, Latin America) and caution on Europe, but no strong directional view on the dollar. The US still dominates AI, but global diversification is suggested.
metals
If you're selling copper in this market, you're pretty well positioned.
| 5/1/2026 3:08:28 PM | short term up | 7 days later | +9.41% | +9.41% |
| 3/16/2026 8:12:49 AM | long term up | 62 days later | -6.74% | -6.74% |
| 2/4/2026 5:57:57 PM | medium term up | 20 days later | +12.19% | +12.19% |
| 1/30/2026 12:46:06 AM | short term up | 7 days later | +6.99% | +6.99% |
| 1/13/2026 2:12:43 PM | medium term up | 20 days later | -0.60% | -0.60% |
| 12/12/2025 1:23:20 PM | long term up | 60 days later | +17.36% | +17.36% |
| 12/10/2025 9:48:13 PM | short term up | 5 days later | +1.03% | +1.03% |
| 11/18/2025 1:29:07 PM | medium term sharp up | 20 days later | +8.23% | +12.34% |
| 9/30/2025 10:13:15 PM | short term sharp up | 5 days later | +2.67% | +4.01% |
ndx
The interviewee highlights strong AI-driven demand and CapEx growth (semiconductor complex up 80%, potential $1 trillion CapEx), but also notes ROI uncertainty and budget challenges. This suggests cautious optimism for tech-heavy NDX in the medium term.
rut
The interviewee notes that AI benefits are concentrated in tech (50% of S&P 500 but only 2% of labor), implying broader small-cap RUT may not see immediate gains. No explicit bullish or bearish signal for RUT.
wti
The interviewee mentions risks around the Strait of Hormuz and economies sensitive to geopolitical tensions, implying potential supply disruptions but also caution on demand due to AI-driven efficiency. No strong bullish signal.
yields
Massive AI-related CapEx ($1 trillion potential) and infrastructure investment going into the real economy could drive economic growth and potentially push yields higher, but the interviewee's cautious tone on ROI suggests a tempered view.
