Dan Niles on Trump's decision to pick Kevin Warsh as Fed chair: 'It's great for stock markets'

• Trump's potential Fed Chair pick (Warsh) is seen as positive for stock markets in the near term due to expectations of easier monetary policy.
• Niles anticipates a strong start to the year for markets, but warns of a 'dicey' end and potential for a repeat of the 2021-2022 inflation and market correction cycle.
• He believes the recent sell-off in AI/tech stocks, including Microsoft, is 'overdone' in the short term, despite AI's deflationary potential.

Dan Niles believes Trump's potential pick of Kevin Warsh for Fed Chair is 'great for stock markets' in the near term, anticipating easier monetary policies. However, he warns of a potential 'disaster' on the other side, similar to 2022's market downturn after inflation surged. He also notes that the recent sell-off in AI/tech stocks is likely overdone in the short term.