Wall Street has been puzzling over the U.S. economy’s continued resilience in the face of aggressive rate hikes from the Federal Reserve, with some still expecting a recession soon.
But Neuberger Berman senior portfolio manager Steve Eisman is bullish on financial markets and thinks the answer is clear: the doomsayers are wrong as the artificial intelligence race and boost in infrastructure projects drive the economy.
“We’re just powering through, and I think the only conclusion you can reach is that the U.S. economy is more dynamic than it’s ever been in its history,” he told CNBC on Thursday.
Eisman, whose famed bet against toxic mortgages leading up to the Great Financial Crisis was portrayed in The Big Short, added that the next stage in the tech narrative will be consumers buying new AI-enabled phones and laptops.
That means Apple, which just unveiled a series of new AI features,…
