Part 4/13:
Leeman criticizes prevalent narratives about a K-shaped recovery, suggesting they oversimplify the reality. He distinguishes between the market's fervor, driven predominantly by AI-related investments, and the sluggishness of other sectors impacted by tariffs and structural shifts. He points out that many industries—like fishing gear manufacturer Orvis—are experiencing layoffs and store closures due to tariffs and input costs, indicating tangible pressures on workers and small businesses.