Markets, Meditations, and Mental Models

Brief: Confidence Collapsed. Markets Didn't.


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Michigan consumer sentiment hit 44.8, the lowest reading in the survey's seven-decade history, on the same day the Dow closed at an all-time high. The AI subsidy era is cracking as Microsoft cancels Claude Code licenses, Uber burns its entire 2026 AI budget in four months, and token prices climb 65%
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Markets, Meditations, and Mental ModelsBy Cosmic Trex