The Most Irrational Bull Market in History
Why Bad GDP, Recession Fears, and Layoffs Are Fueling the Next Melt-Up
Hello everyone,
Emporos here.
We just came out of the Q1 correction and the amount of narrative distortion we endured was next level. You never fully grasp how disconnected perception becomes until you watch it happen live.
Today, I saw something that snapped everything into place. Uber announced a robotaxi partnership with May Mobility, aiming to deploy thousands of autonomous vehicles across U.S. cities by 2025.
That’s not a side story. That’s a signal.
The Market Isn’t Ignoring Recession Signals, It’s Absorbing Them
April saw one of the strongest U.S. equity comebacks in recent memory. And yet the media keeps hammering…
“Recession is coming.”
“GDP is down.”
So why does the market keep pushing higher?
Because these signals don’t mean what they used to.
Take the GDP contraction. It was driven by declining exports, not domestic weakness. That’s not bearish. That’s strategic insulation. The U.S. is reshoring, securing critical resources like rare earths, and repositioning its industrial base.
Markets are forward looking. They don’t care about lagging prints.
They care about positioning, liquidity, and structure.
Even recession fears become fuel when they spark rate cut expectations and panic positioning. We’ve seen this before in 2018 and 2019.
Automation Is the Real Trigger, Not Rates
This isn’t about inflation or monetary policy.
This is about labor obsolescence.
Uber’s move is just the tip of the spear. I looked at DocuSign this week. Over 7,000 employees for a digital paperwork company. How is that sustainable?
Companies are starting to realize they don’t need these bloated payrolls.
When enough of them follow through, we’ll see labor purges, demand collapse, and a break in the wage based consumption engine that has powered the U.S. economy for over 70 years.
That’s the real trigger for the crash. Not the Fed. Not CPI. Not China.
This Bull Run Isn’t Delusional, It’s the Setup
Every cycle ends with euphoria.
This one is no different.
What makes this bull market historic is the scale of the transition it's built on. We’re front running AI, automation, energy dominance, and domestic reindustrialization, all while pretending the legacy economy still matters.
This is the final rally before structural decoupling.
If you're familiar with the dot com bubble, or even recent crypto cycles, you know how this ends.
The U.S. Is Laying the Scaffolding for the Reset
Here’s where I differ from the doomers.
I don’t think this ends in collapse.
I think it ends in reset and rebirth.
The U.S. is quietly setting up for post crash dominance:
Rare earth mineral deals with allies like Ukraine
Energy independence
Domestic manufacturing
AI and automation leadership
If the U.S. didn’t start building this now, it would have been in serious trouble. This was inevitable.
Final Take
The media sees cracks.
The market sees future-proofing.
This isn’t fragility.
It’s strategic.
The bull run isn’t over.
It’s validating itself.
-Emporos
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