Friday charts: Crazy train investing

Key Points

1. Stock markets reached new highs, but uncertainty persists due to AI's potential impact and the US government's $38 trillion debt.

2. Gold and bitcoin have seen significant price increases (40% and 80% respectively over the past year), but long-term viability remains debated.

3. AI-driven economic growth could lead to unprecedented GDP increases, with estimates suggesting 10% annual growth if 20% of tasks are automated.

4. China's export boom continues despite tariffs, and its auto industry is flooding the global market with low-cost EVs.

5. US wages are growing at 4.2%, outpacing inflation, and jobs at high risk from AI have not seen significant layoffs post-ChatGPT launch.

6. Polymarket bettors estimate only an 18% chance of a US recession this year, with Q3 growth projected at 2.4%.