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AI Jobs Massacre: Amazon & UPS Cut Over 70,000 Jobs

The creator discusses the stock market's current sentiment, highlighting three key items: the China trade war, Federal Reserve monetary policy, and big tech earnings, particularly AI. The market appears to have priced in positive outcomes for the trade war and Fed policy, and is optimistic about AI earnings. However, the creator suggests that the element of surprise might favor bears, as any negative deviation from these expectations could lead to a poor market performance for the rest of the year.

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