MarketWatch (July 30)
“One of the wildest months in recent memory for the U.S. stock market is ending on yet another remarkable note: A highflying hedge fund run by an AI wunderkind in his mid-20s has apparently just been carried out on a stretcher.” Before offloading “the bulk of its public-equity portfolio after suffering heavy losses over the past month,” Situational Awareness “had posted dazzling returns by using leverage to bet on AI-related stocks, reportedly tallying a more than 2,000% gain since its launch in September 2024.”
Tags: AI, Bet, Dazzling, Gain, Hedge-fund, Leverage, Losses, Market, Offloading, Public-equity portfolio, Remarkable, Returns, Situational Awareness, Stocks, Stretcher, U.S., Wildest, Wunderkind
Atlantic (October 5)
“The fight against climate change is going to change more in the next four years than it has in the past 40.” One reason is America’s $374 billion Inflation Reduction Act that may ultimately result in spending of $800 billion to spur green energy and other adaptations. The act makes “betting on clean energy one of the most certain economic trends of the next few years. Clean energy is now the safe, smart, government-backed bet for conservative investors.” This “shocking reversal” still hasn’t fully “been metabolized by the world of people involved in the issue.”
Tags: Bet, Climate change, Conservative investors, Economic trends, Fight, Government-backed, Green energy, Inflation Reduction Act, Safe, Smart
