North Pier’s Managing Partner Jim Scheinberg was recently live on Reuters’ Trading at Noon. In the segment, Jim discussed why the market is ignoring the very real possibility that interest rates and the Fed could be going much higher, lasting years, not months. He also takes on high valuations in tech stocks and the Nvidia and AI craze. Lastly, Jim shares what he sees for the economy. Spoiler alert, the forecast is clumpy.