AI Hype Masks Real Market Risks

Markets hit record highs on AI speculation while ignoring Fed independence threats and systemic risks.

• Allbirds pivoted to 'New Bird AI' with a vague $50M deal, stock surged 600% — the investor's $3/share conversion became worth $300M+
• This mirrors blockchain-name-change era: investors are betting on market hype around AI, not actual AI businesses
• S&P 500 hit an all-time high within 11 days of a 5–10% drop — fastest recovery since 1928, signaling reflexive dip-buying
• Trump threatening to fire Powell and politicize the Fed poses serious systemic risk the market is largely ignoring