Forget AI. The Real Risk Is the Dumbing Down of Markets.
As the indexing trend of recent years shows, replacing smart humans with stupid computers has more downside than upside for markets.
US Needs More Bank M&A. Somebody Pick Up the Phone
Deal activity among regional lenders has been lackluster in large part because of so-called social issues. Put more simply, few want to give up control.
Is the S&P FANG’d Out? Debt Isn’t the Only Ceiling
A breakout past 4,200 meets resistance as this rally’s dependence on the tech giants makes allocators nervous.
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