Aggregate shocks also have more scope to push equity index volatility higher than distributional shocks...
PremiumAs the value built into AI-related equities has grown, more optimistic assumptions about the ultimate economic gains for US companies from AI are needed to justify it.As Goldman's one-delta desk-head, Rich Privorotsky, summed up earlier:Classifying AI concerns
"Past innovation-driven booms—like the 1920s and in the 1990s—have led the market to overpay for future profits even though the…
The recent slide among AI stocks has once again put fears of a tech bubble at the forefront of investors' minds.
...the ROI hurdle embedded in current spending is enormous, which is why the debate increasingly shifts from AI capability to AI…
It’s a common-factor risk stock correlation is singularly unpriced for...
“if you had an exceptional first half of 2026, chances are you’ve had a very very difficult July" - Goldman's Brian Garrett.
Rising power costs and supply strains risk turning today’s AI boom into a bust.
