Tariffs, AI bets, and a pivot in global markets: a midweek macro snapshot
Barry Ritholtz’s midweek reads point to tariffs that roughly 96% are paid by U.S. buyers rather than foreign exporters, a persistent AI infrastructure bet from Andreessen Horowitz despite chatter of an AI bubble, and the possibility of Europe weaponizing U.S. assets in a widened tariff war. The piece also highlights a broader shift toward international investing after a long period of U.S. market dominance, alongside notes on wealth migration from California, Trump-era power dynamics, and China’s rapid wind and solar expansion, all signaling a geopolitically nuanced macro backdrop.