#CNBC Clissold: This is a classic CapEx cycle, and most end poorly with a bear market

Clissold: This is a classic CapEx cycle, and most end poorly with a bear market
Ed Clissold, Chief U.S. Strategist at Ned Davis Research, says the AI rally may last but warns CapEx cycles often end badly. He favors gold and Bitcoin as hedges amid a weakening dollar.

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