AI is disrupting the software sector, with Tom Lee warning of job losses and a dovish Fed under Kevin Warsh. Core CPI is expected to drop, indicating a return to pre-COVID inflation. Fed Chair Powell already subtracts 65,000 jobs monthly, anticipating AI’s impact on the future labor market.

The stock market is shifting focus from tech giants to companies supplying AI infrastructure like energy providers and chip makers. Lee predicts a 10-20% U.S. market decline as money flows into industrials and financials. This shift favors international markets weighted towards diverse sectors.

Bitcoin and Ethereum failed to meet bullish January expectations, facing a bigger deleveraging shock than FTX’s collapse. Crypto recovery was derailed by a tariff tweet and Greenland threat, with FOMO shifting to gold. Despite failures, Lee believes crypto is bottoming as the fundamental story remains positive.

Investors are questioning staying in crypto at Consensus Hong Kong, with a shift towards gold. Despite the unfavorable mood, Lee remains optimistic about crypto’s future. The market is volatile, with money flowing into different sectors due to AI disruption, signaling a major market shift.

Read more at Yahoo Finance: Tom Lee Says AI Killed Software And Job Losses Are ‘Soon To Follow’