The Market's Balancing Act

Markets don't always move in the way we'd expect. In our latest episode of Markets & Meaning, Sean Ashton explores why rising memory chip prices could signal a new inflationary pressure, why he believes recent interest rate decisions may have been a policy mistake, and one of the market's biggest contradictions: semiconductor companies continue to outperform while the businesses funding the AI infrastructure buildout have fallen out of favour. What does that disconnect tell us about where markets think value will ultimately be created?