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Podcast: Money Life with Chuck Jaffe
Episode: TradeStation's Russell: A.I. boom has masked emerging economic weakness
Description: David Russell, global head of market strategy at TradeStation, says that as artificial intelligence become less of an economic focus, the market will wake up to potential weakness on Main Street, where "recessionary patterns" are already visible. He is expecting "one of the weaker holiday seasons in a while," and says that a lot of signs that have been viewed as bullish have become much more questionable. He would not be surprised to see the market test October lows — roughly 6,550 on the Standard & Poor's 500 — before year's end. Nate Miles, head of retirement at Allspring Global Investments, discusses the fi...