At 16min 31sec of the video, Peter comments on the beginning of calendar year "fake out" that has occurred from time-to-time on the major stock market indexes. It caught my attention that the DJIA did REALLY reach a new all-time high today, while other major stock market indexes -- most notably the NASDAQ -- were down.

I ask myself, when's the last time that AAPL or MSFT produced a piece of technology that really changed the world? A decade or two, ago? And, although TSLA is still the pre-eminent leader in the EV space, even they are having to cut prices to continue to sell cars. And, all three of these Magnificent Seven companies are heavily focused on consumer culture.

If we can agree that the recent market focus on AI is an important new megatrend, how is this really going to manifest itself, as far as the stock market is concerned? Is it just, we can ask our phones, computers or even our cars, for the latest update on our stock portfolios? Or, is it that the "mainstream economy" companies that are reflected in the DJIA are now starting to profit from the technological progress made over the last decade or so?

As an example, work from home / office / anywhere definitely has improved profitability / productivity, and is all supported by the high-tech developments that the Magnificent Seven companies have-and-are working to produce. "Mainstream economy" companies would also be expected to be future beneficiaries of AI in terms of further increased profitability / productivity, if AI is applied properly.

So, is today's new all-time high for the DJIA a potential "fake out"? Or, is it telling us a valuable story about what is really going on in our North American economy? And, potentially giving us clues about what areas of the stock market to change our focus to, next? Hmmm ... got to think about that one!