Job losses might follow AI-tech rout

• AI is 'wreaking havoc' across the software sector, leading to anticipated job losses.
• The disinflationary nature of AI could prompt the Fed to pursue lower interest rates.
• The stock market's initial reaction to potential Fed appointees might not fully account for AI's long-term economic implications.

Thomas Lee discusses the disruptive impact of AI on the software sector, predicting job losses and disinflation. He suggests the stock market will prioritize AI's long-term effects over current labor reports, potentially leading the Federal Reserve to adopt a more dovish stance with lower interest rates.