Arthur Hayes: Only AI stocks rise in global capital markets

Arthur Hayes stated in his podcast 'The Rollup' that only AI stocks have performed strongly in the global capital market, while other tracks are generally sluggish. He believes that the reasons include shrinking demand due to consumer unemployment, AI giants absorbing global credit, governments prioritizing support for AI capital expenditures, and compressing financing space for other industries. He pointed out that this is not a bull market where the tide rises and the boat rises. Only a few currencies in the cryptocurrency market have strengthened, and most people are facing difficult times.