Why Skynet loves to trade stocks

Monday 15 May 2023

Pretty revealing stuff this from Societe Generale.

The AI boom and hype is strong. So strong that without the AI-popular stocks, S&P500 would be down 2% this year. Not +8%.

Our update on the AI sentiment news indicator keeps rising exponentially and more extended than when we first talked about few weeks ago, Trading the Artificial-Intelligence hype 28th April.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.