Alpine Macro's Noah Ramos on where the AI capital cycle stands, the bottlenecks that matter, and what it means for UHNW portfolio positioning.

In March 2023, with the Fed signaling even more aggressive rate hikes and markets selling off sharply, Northland’s Co-CIO Joseph Abramson told Reuters that the weakness in Canadian stocks was something to buy, particularly the TSX, because inflation could undershoot expectations and China’s accelerating economy would support commodities.