Overtime - July 25, 2024 - AI Investment Returns Face New Challenges
Chris Vecchio, Victor Jones and Thomas Westwater, discussed a downward trend in the S&P 500 and NASDAQ amidst market volatility. The conversation highlighted significant factors like the better-than-expected GDP report, weak durable goods numbers, and Bill Dudley's insights on interest rates. Concerns about AI investment returns surfaced, reflected in Google's recent loss. Victor mentioned shifting exposures in growth assets, while Thomas focused on long positions in crude oil amid favorable futures structures.
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