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Reply to "Why is the stock market doing well?"
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[quote=Anonymous]The stock market is forward looking by about 6 months. It is not responding to current conditions. It is responding to the expectation that there will be an interest rate cut that reduced corporate debt and frees up more money to go into the stock market, combined with lower corporate taxes that were just made permanent. Also, AI will replay a lot of labor which will drive down corporate expenses significantly (human labor is the highest cost in many cases). These things will drive up profits for owners and shareholders. They will not benefit consumers or workers.[/quote]
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