Trump’s ambiguity is the worst of all worlds
He supports Europe enough to make it complacent but not enough to make it safe
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The demise of the US bankruptcy lawyer
How financing attorneys became kings in a world of ‘creditor on creditor’ violence
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Tech stocks slip as investors rotate towards defensive sectors
Concerns about durability of AI rally dent sentiment for second day
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The AI revolution will cut nearly $1 trillion a year out of S&P 500 budgets, Morgan Stanley says—largely from agents and robots doing human jobs
Read the fine print, though. The bank says this would “likely take many years to achieve,” and there’s a “significant risk” of many firms not reaching full adoption.
The ‘Ghosts of 2007’ and the graybeard ‘Nifty 50’: BofA looks at the rare situation in markets and finds ominous parallels to the GFC and the dotcom bubble
Conditions are like they were in 2007, or in the late 1990s, depending on how you look at the Fed raising rates during rising inflation, and the top 50 stocks dominating.