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
Reuters (January 5)
“The world economy is making a surprising habit of shrugging off unpleasant shocks…. Since 2020, the planet has weathered a global pandemic, inflation, sharply rising interest rates, and the outbreak of war without a major slump. In 2025, a tsunami of enthusiasm about artificial intelligence offset the disruptive effects of U.S. President Donald Trump’s trade turmoil, keeping economies and financial markets humming. Opposing forces are preparing to battle for supremacy again in 2026. The stage is set for a turbulent contest between gain and pain.”
Tags: 2020, 2026, AI, Disruptive, Financial markets, Gain, Global pandemic, Inflation, Interest rates, Trade turmoil, Trump, Unpleasant shocks, War, World economy
New York Times (January 25)
“So far, 2022 is off to a rocky start for the stock market. Yesterday, after an initial plunge in which stocks dropped as much as 4 percent — the biggest one-day drop in nearly a year — the market rallied and ended the day with a slight gain.” There was no particularly market-moving news, but “the foundations supporting the market during the pandemic are looking less stable.”
Tags: 2022, Foundations, Gain, News, Pandemic, Plunge, Rallied, Rocky start, Stock market, Support
Reuters (December 13)
Apple “rose about 11% last week, extending its more than 30% gain for the year as investors remain confident that flush consumers will continue to pay top dollar” for its products.” The company’s “market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the past decade that has turned it into the world’s most valuable company.”
Tags: $3 trillion, Apple, Confident, Consumers, Extending, Gain, Investors, Market value, Stunning
LA Times (January 13)
“Trump was rightly impeached. Now the Senate must do its job and convict…. There is no reasonable way to defend how Trump undermined the public’s faith in elections for his own gain, or how he recklessly stoked the passions of his followers in the hope of intimidating Congress into voiding Biden’s win.”
Tags: Biden, Congress, Convict, Defend, Elections, Gain, Impeached, Intimidating, Passions, Reasonable, Recklessly, Senate, Trump, Undermined
Wall Street Journal (December 17)
“Who wins from Brexit? New York.” No matter how “current negotiations between the U.K. and EU end, U.S. swap exchanges stand to gain European business.”
Tags: Brexit, Business, EU, Gain, Negotiations, New York, Swap exchanges, U.K., U.S., Wins
Bloomberg (June 2)
“China’s yuan policy has blindsided forecasters once again. The sudden surge in the last four days — for the onshore exchange rate, it’s been the steepest gain in more than four months — pushed the currency beyond levels predicted by even the most optimistic analysts.” At least eight analysts rushing to change their estimates. This is not the first time they have been caught flat footed. “Market watchers were caught off guard earlier in the year as well, when the yuan confounded expectations by strengthening in the first quarter.”
Tags: Analysts, Blindsided, China, Confounded, Currency, Exchange rate, Expectations, Forecasters, Gain, Yuan
